x y,
<<As for Lucent, I insist that the growth potential is considerable. Their international sales, at this time, represent somewhere between 20% to 25% of their total sales. I believe that these sales may increase in the future, both in terms of total volume and as a percentage of total sales.>>
I agree with you here. Lucent is in the right business, and appears to have excellent management.
<<Please explain to me why LU 3-4 weeks ago was valued at 80 to 100, then it drop to 54 and change, only to return to 63 plus today......>>
I would submit that Lucent, while a great stock, has been overvalued for some time. Perhaps because they are recognized for their great potential.
Thanks for your discussion on currency trading, but I am a long term investor and try to avoid short term thinking.
I took a position in Lucent about a year ago, so I am well in the money. I added a little at 74 during this decline (oops!) and will likely add more next week. I have accumulated about as much Lucent as I want, but when the market goes on sale, I have to take advantage.
I look for stocks I can hold (profitably) forever -- or at least several years. I expect Lucent to be such a stock.
Regards,
Darrell |
