Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.825

-2.2%

Nov 11 3:59 PM EST

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To: William H Huebl who wrote (21553)	2/22/2004 12:11:12 AM
From: Brian Baxter	Read Replies (1) of 21876

I'm not sure just what you mean: "It could go as high as 6.0 also but seems to be reversing from the fall runup" Fall reversal started on 10/31 and was complete on 12/10. This current reversal is from the 01/02/04 runup which of course ended on 1/20. The bounce on Friday came after spending 45 minutes at the 50 day EMA. I see no 3.90 "support" levels on the charts in mid January, perhaps you could elucidate. In the last six months LU has dwelled or bounced of it's 50 day EMA. The SMA is irrelevant. We agree on the $5.00, that's easy to see as it's the 52 week high mark. I'm not sure where the "$5.75" figure comes from. Saying that it could go "5.75 or higher" (or maybe "6.0" as stated first) "eventually" or "under 2 eventually" is really saying what? That if the stock goes up it goes up, and if it goes down it goes down?

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