Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.715

+1.1%

3:59 PM EST

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To: freeus who wrote (1898)	4/1/1998 1:31:00 PM
From: RavBruce	Read Replies (2) of 21876

Street name is just that: held by an institution for an unknown individual. A company never knows who it is until the individual(or partnership, etc.) own a large block(around 5%) where reporting to the SEC comes into play. I am not sure if Lucent can even get your name if it wanted to contact you directly. Your broker does all of that. Given this, I am not sure what the exact definition of institutional ownership is. What would happen if five billionares opened a trading account at a broker with enough money to buy tons of shares. Are they institutional? Just some rambling. LU has had a nice run during the pre-split weeks. We should expect some rationalism over the next few weeks. That means that barring any unforseen action by LU we should see the stock drop(it usually does post-split) and hover in a trading range for a while. Bruce

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