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Technology Stocks : Lucent Technologies (LU)
LU 2.605+2.2%12:53 PM EST
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To: telecomguy who wrote (20808)9/16/2002 6:52:28 PM
From: sylvester80  Read Replies (2) of 21876
 
I said the same thing last quarter when Lucent's book value plunged to 27 cents. In fact I unloaded all my Lucent but 100K shares between 1.52 and $1.95 because of that (the plunge in book value). Since then I also bought 100K of Nortel between 86c and 92c. I was still profitable on Lucent mainly because I kept trading the swings. But as I said I consider both now junk at the same level. A crap shoot. They can easily go bankrupt both of them.
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