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Strategies & Market Trends : Rande Is . . . HOME

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To: Condor who wrote (50064)	4/4/2001 10:41:27 AM
From: maverick61	Read Replies (1) of 57584

Best thing that could happen for market bulls is LU file bankruptcy. Alas, CNBC just had a report on saying those rumors are BS. Right now, there is just no catalyst to turn thinsg around - so why buy. If LU goes belly up - IMO it would be enough to catch the Fed's attention and awake them out of their slumber to move more agressively. So,if you want to get bullish again - start the chant - C'mon LU - Chapter 11 !!!!! lol PS - been sitting on the sidelines thru this mess - getting my taxes done, as well as a few other things around the house 10:18 ET Lucent Tech (LU) 6.60 -1.25: -- Update -- Stock lifts a bit; hearing that Dow Jones running a headline stating that Lucent is denying bankruptcy rumors. 10:12 ET Lucent Tech (LU) 5.99 -1.86: -- Update -- Rumors of financial problems mentioned earlier, which started in Europe overnight, are annihilating LU this morning. 09:45 ET Lucent Tech (LU) 7.85 : Stock not yet open; trading floor rumors circulate again this morning that company will eventually have to declare chapter 11.

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