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Technology Stocks : Lucent Technologies (LU)
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To: Jesica Dawnet who wrote (20536)7/19/2002 8:31:21 AM
From: sylvester80   of 21876
 
Stocks don't move up 120% and 1200% in a straight line, especially in this environment. Maybe Lucent should be $3 to $4 right now but it is not going to happen overnight with the current carnage on wall street. Fibonacci are retracement lines of the up move.Like 38%, 50% and 62% retracement of the move up. I think the stock could possibly go down to near $1.96 which is its 61.8% fibonacci retracement. Good luck.
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