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Technology Stocks : Lucent Technologies (LU)

LU 2.415

+1.9%

Nov 21 9:30 AM EST

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To: Anonymous who wrote (3859)	8/31/1998 10:06:00 PM
From: Ridi J	Read Replies (1) of 21876

<< 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.>> So which is it? To make money, does one base it on "condition of the mind" or "good fundamentals"? You directly contradict yourself in back to back paragraphs. Good fundamentals and psyco-mentals are all taking it on the chin at the moment. Seems to me the way to make money in this or any market is to be a broker! Buy your client a loser, take a commish...sell what would have been your client's winner, take a commish. Churn that portfolio, commish, commish, commish... For me, I buy companies/products/management I believe in, and hold them until I don't believe in them any more. Even more than dollars and cents, the market is about faith. And LU has yet to shake mine. No one who bought Yahoo! or Amazon.com a year ago is regretting it yet. You can't say the same thing about UAL, and they've got a p/e of 7.

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