Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.660

-1.5%

Dec 12 9:30 AM EST

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To: freeus who wrote (1686)	3/21/1998 11:13:00 PM
From: RavBruce	Read Replies (2) of 21876

I was not at all surprised to see the first downgrade. The price has moved extremely fast for a company this and one that is so widely held. I wonder who has been selling. (We must always remember that each trade has a buyer and seller and look at the trades from both perspectives). It must be some of the people who held shares from the spinoff and institutional shares changing hand. Also, people who are happy with the rise. If you are long-term, it doesn't mean anything. I don't think the tax implications and costs of trading make it worthwhile to sell a winner even if you know that it will drop ten or twenty percent. A drop of ten points would not be unheard of given the sharp run up. If we see more down grades, the stock could drop more. Then maybe, we will see up grades and more buyers. I love the stock but have learned that no stock is perfect. You should of heard one of my friends talk about Iomega as it went up 2x, 3x, 5x etc. He didn't sell and much of the gains got wiped out. All because he let his emotions take over(I am not really comparing the stocks just the possible problems with over-enthusiasm.) Bruce

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