Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.580

-3.6%

Dec 15 3:59 PM EST

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To: Bindusagar Reddy who wrote (7155)	4/11/1999 12:46:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 21876

BR, there is no question that unit sales will expand but I am not sure about LU earnings growth to be over 50% to justify present multiple let alone the issue that pricing a stock on anticipated earnings growth is BS and another scam by WS spinners to sell more stocks to the average idiots. Do not get me wrong LU is not the only overvalued stock in this market. I made money on LU by selling puts, and I made money on LU by selling calls etc. Mutual Funds are no different their manager make a living by stocks moving higher, so their are another bunch of criminals engaged in a ponzi pyramid scheme. Cash is King and stocks are trash who will fall and burn unexpected. <GGG> After a substantial decline you will see lawsuits flying all over for not disclosing the dangers of investing in momentum stocks. Let's speak in 6 to 9 months. You can see my coments at bway.net BWDIK Haim

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