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Technology Stocks : Lucent Technologies (LU)

LU 2.680

+0.2%

12:12 PM EST

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To: luther yow who wrote (16022)	9/12/2000 2:32:39 PM
From: Anonymous	Read Replies (2) of 21876

You wrote "Do you really believe that the stock can go to 30." Just a little under two years ago October 7, 1998 to be exact, LUCENT closed that day at 28.5 (split adjusted). The day after it hit an inter day low of 26 25/32 before closing at 29 11/16 to start a climb out of the bottom established on October 7. It closed at 45 1/16 twenty-one days later on November 6, 1998, however, one must keep in mind that LUCENT was looked on in quite a different light two years ago than it is today. If you look back to the opening day closing price of 7 23/32 (split adjusted for April 8, 1996), this stock is up roughly $29 1/4 or 379%. Way off its highs. It just bounced off of 36 7/16 and it isn't even 3:00 PM yet. Will investors (or speculators if you like) be back to offer support when this thing finally establishes a bit of bed rock?.....ANON

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