Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.520

-1.4%

Nov 26 3:59 PM EST

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To: Haim R. Branisteanu who wrote (5133)	12/7/1998 6:34:00 PM
From: RocketMan	Read Replies (1) of 21876

Haim, about your bubble valuation thesis: I preface my remarks by stating that I am not a TA expert, nor do I necessarily believe that TA applies to stocks with Lucent's price. However, if you look at a two-year chart, and do an exponential fit, you can argue that the bubble took place this summer, just before the major market correction. Recently, it's been a bit below that trend line, and a price of 100 brings it just about to the trend line. Granted, it may be that it has been in a bubble for the last two years, but if so then so has just about every tech stock.

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