Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.490

-1.2%

12:59 PM EST

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To: Alex Chilton who wrote (21250)	5/6/2003 12:51:31 PM
From: Jim Roof	of 21876

I think LU is technically strong right now. Let's face it, the true market influences that affect share price are supply and demand. News and earnings only affect the price as they affect buying pressure and selling pressure. In the absence of fundamentals, technicals do move prices. I think this last pop was a technical move waiting to happen and then the little push given by the Juniper collaboration. I think 2.00 was a breakout point and the more than 10% move over 2.00 on strong volume signals a legitimate breakout.

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