Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.820

0.0%

Nov 7 9:30 AM EST

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To: Anonymous who wrote (17510)	1/19/2001 1:06:18 AM
From: R.E.B.	Read Replies (2) of 21876

Obviously the guy is not on top of Lucent or he would have known about the recent run. You still can't reconcile his statements about being a troubled company with the fact that over the last week and a half, block trades are running 60% or better on up days. There are some big buyers coming in and LU is almost always in the 5 most actives of the NYSE. If I were a betting man (and I am) I would say the momentum is with LU through earnings and the next interest rate decrease. As long as the market (techs in particular) continue to show strength, LU should follow. At this point, LU is so beaten up, downside risk is minimal.

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