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Technology Stocks : Lucent Technologies (LU)

LU 2.550

+2.4%

Dec 1 3:59 PM EST

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To: 7th_Flagmen who wrote (3305)	7/25/1998 9:32:00 AM
From: J. P.	Read Replies (1) of 21876

<Don't worry about it man. Bet you that it jumps to 107.75 by next Friday. > O.K., Can you give me three compelling reasons for Lucent to have a continued bullish run in the mid term (say three months out)? If you look at a Nasdaq chart (and I'll work with the assumption that LU tracks the Nasdaq more closely than the NYSE), you'll see three decidedly down selloff days, followed by a failed rally on the fourth day. To me this is the sign of the beginning of a down trend. Nothing to worry about, in fact, I'm happy about it, means more opportunity later! If the past is any guide, LU will form a base (maybe high 90's?, I'd love to see the mid 80's! cause I'm greedy), then when the market becomes accumulative again, Lucent will be a leader again in the rise, (depending on how their 'blockbuster' acquisitions are accepted by the street) But short term I would be extremely interested in anyone's comments on driving forces behind a continuing bullish uptrend.

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