Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.550

+0.2%

3:59 PM EST

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To: Dolfan who wrote (20810)	9/16/2002 6:59:03 PM
From: sylvester80	Read Replies (1) of 21876

Look at Nortel insiders. They have been buying since $5 with a lot of buying at $2 and $1.50. They are all underwater. IMO, insider buying is more of way to try and show some confidence so that the stock does not stay below $1 for 30+ days which will warrant delisting. Based on the amounts they are investing versus the amounts they have and are being paid, current insider trading means nothing. When you see $300-500 million dollars of insider trading then you got something. But both Lucent and Nortel insiders have taken LU and NT shareholders to the cleaners during the past 2 years so the amount they are investing down here is #1 peanuts and #2 prolongs their ability to keep pulling salary from the company. JMHO.

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