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Technology Stocks : Lucent Technologies (LU)
LU 2.500+3.5%3:59 PM EST

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To: Kenneth E. Phillipps who wrote (7563)4/25/1999 12:36:00 PM
From: Anonymous  Read Replies (1) of 21876
 
"Haim - You certainly have a point to consider. Friday's edition of IBD reports a gain for the telecom equipment sector since the first of year at 19.6%. Lucent gain for the same period is 11.1%."

But all the rest of the telecoms didn't get the bad press and the downgrade that LUCENT got. There does seem to be some sort of move on by a few people on the STREET to try to drive LUCENT down...might be short people instead of tall ones!

To be realistic...I think the entire spectrum of the stock market is due for some kind of change in the near future...and most likely that will be to the downside for awhile. A move like that will certainly take LU down a notch or two. And it can happen in the blink of an eye and not every "short" is going to be saved.

When the magic dragon says "PUFF" the only ones safe will have already been out of the market. Those that didn't make that move will truly have to be "long" and have the patience to wait it out for what will seem to be a long period of first a downslide and then probably a move sideways for a while, although it would be nice to see the market come back just as quickly as it did when it slid last August.

Anonymous
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