Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.430

-5.1%

3:59 PM EST

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To: Mark Palmberg who wrote (3511)	8/4/1998 8:01:00 PM
From: Nathan50	Read Replies (2) of 21876

Just heard Peter Finch on CNBC talk about a heavy duty bear market. Isn't he the same guy who ran Megallan fund in the 80's? If Lucent is fairly priced at about a 60 PE than is it safe to assume that it can be had for around 50 dollars a share since it is now trading in excess of 100 PE? I am looking to enter but for now hold on tight to my cash. How long would a bear market last and how quickly could Lucent come down from here before going back up? I do not want to miss out this time around, but am extremely happy of the current bloodletting. Hoping it continues while I save a few more dollars to buy at much lower levels. Happy investing people!

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