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Technology Stocks : Lucent Technologies (LU)
LU 2.660-1.8%Jan 30 9:30 AM EST
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To: Anonymous who wrote (17977)4/2/2001 7:13:05 PM
From: Anonymous  Read Replies (2) of 21876
 
The best paying CD that I own right now is paying an APY of 7.35%. That means I've got to wait an entire year to earn $73.50 on a thousand dollars. With this stock I just lost $114.00 on each $1,000 worth I had at the end of yesterday and it only took one day. We're now down 34.6% for the year and off the all time high by 89.3% .... an evaporation of the highest order.

I have to say that this constant selling of a business like this has me baffled. I thought that once the stock had gotten down to around $15/share that it would sort of stop. Just goes to show that I don't know a darn thing about when to hold them and when to fold them.

I see where Cramer has gotten himself a spot on CNBC as a commentator of sorts. Except for a few rare occasions, he almost always used to bash LUCENT whenever he had the bully pulpit in the past. I wonder what he'll be like now?
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