Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.500

-0.8%

Nov 28 9:30 AM EST

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To: Jack Kunkle who wrote (4551)	10/5/1998 6:35:00 PM
From: Anonymous	Read Replies (1) of 21876

It doesn't really matter what Mr. McGinn says, and he's said it several times. Lucent, Cisco and others are going down for awhile because of pure FEAR and of course "taking some money off the table." For crying out loud...who thinks that Lucent is strong enough to stand up to the mother nature of the market. The tide is to strong for this stock to advance at this time, although I will have to admit that dropping from a high of 108+ (which was just a spike anyhow - maybe a high of 98 is more realistic) down to its present value is a realistic reduction. Maybe when it approaches 50 it will start to do a little movement sideways. A reasonable period of sideways movement for a while will then convince me that it might have made its correction and is truly ready to start advancing. It is time to play a waiting game. If the trend is down, why keep buying? And don't say that buying on the dips is good because it isn't in this landslide. One might as well wait until it levels off. Happy investing! Anonymous

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