Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

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To: Anonymous who wrote (20473)	7/11/2002 2:54:26 PM
From: DiB	Read Replies (1) of 21876

Since July 3rd LU went from 1.50 to 2.20s on average volume (40 mln). All that when the overall market went straight down. I believe this is partially short-covering ahead of earnings, partially new "start-of-quarter" positions for some institutional folks. iw.thomsonfn.com Either the quarter results and/or forward-looking projections were leaked, or it could be that LU has some big deals in the bag. On the other hand, a conspiracy theory could be created, where the stock is being brought closer to $2.50 for those future $2.50 calls to be more expensive. If that is the case, we'll see lotsa $2.50 calls sold on July 22, just before the earnings release <g>, and the stock tank a little... On the bull side, imho the next couple resistance points are around 2.50 and 2.90s... Hopefully the earnings call on July 23 will have enough positives to break through one or both of them. Just my 2 cents...

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