Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.585

+0.2%

3:04 PM EST

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To: Anonymous who wrote (20205)	6/4/2002 9:21:49 PM
From: sylvester80	Read Replies (1) of 21876

Anonymous, Lucent traded up some $+.20 on Monday, about +7-8%, all day till about 3:30pm right as the DOW broke 9800. IMO, I think this was all technical in nature and we bounce and bounce hard soon and in fact I say we take all of it back and then some. We'll see how the action is during the next few days but the technicals at 5/10/15/30/60/d/w/m all show Lucent severely oversold and at the bottom (and below the bottom on many of them). We'll see. In any case. I bought all my ST shares back at the close today. JMHO. BTW, LU is now trading at book value, 0.7x current sales and 1.8x cash.

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