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Technology Stocks : Lucent Technologies (LU)
LU 2.370-2.5%Nov 20 3:59 PM EST
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To: Sai P. yandamuri who wrote (3857)8/31/1998 7:00:00 PM
From: Anonymous  Read Replies (3) of 21876
 
I too will sit here and just wait until LUCENT settles down and starts moving sideways once again...hopefully while the market indices start moving back up after a while of moving sideways. I'm looking for a little bit of foundation under the curve.

I think that is still weeks away...sometime after most of the 3rd quarter earnings are reported. Historically, October has not been a very good month for stocks...and that also goes for the month of August as it bids us farewell.

TO ALL OTHERS: Thanks for your thoughts on the psychology of the market. I think the last couple of days have proven that this market is moved more on the condition of the mind than on good sound financial results from companies.

Seeing the Internet stocks tumble sort of confirms my belief that investing in a company's stock should be based on good fundamentals and a company's bottom line.

How the Internet stocks could fly so high on just plain fad values is beyond me. Lots of people who didn't react fast enough are now looking at considerable paper losses and maybe in a lot of instances some real $$$$$ losses.

I've looked on Internet stocks as sort of highway billboard advertising phenomenon...nothing really there to base anything on...such as Yahoo who is basing the value of their stock on how many hits are made on its Web site each day. I still don't buy that.

ANONYMOUS
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