Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.640

-2.8%

Jan 9 3:59 PM EST

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To: elmatador who wrote (18473)	7/25/2001 10:50:11 AM
From: John Curtis	Read Replies (1) of 21876

The next step? All else being equal you'll see lot'sa volatility and open "warfare" between the buy/sell side. So far it's easy to say LU meets THAT requirement. However, I consider LU at the initial stages of finding its legs, therefore along with this volatility will be an extended period of sideways movement. My bet is, barring a nuclear event or manna (major business out of the blue) from the gods, LU will now track sideways between.....hmmmmmm....my WAG is ~$6 on the low end and $7.5 on the high possibly through years end. After all, as LEHM themselves stated within their strong buy commentary, LU's way early in the rebuilding process. The saving grace? Volume is huge so far (over 20M here at 11am). We could be staring at the beginnings of a volume reversal, albeit to my mind the future should still be slow to unfold. Meanwhile on the traders buy/sell front it looks like the conflict between opposing sides has become more civilized, with the sell side appearing to cap things at $6.75 (every time LU gets to that point the selling increases by my aforementioned 100 factor), whereat they then "squash" it back to ~$6.68 or so. Interesting to watch the elephants dancing.... John~

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