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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?


To: Mighty Mizzou who wrote (9099)8/10/1999 10:26:00 AM
From: Mark Palmberg  Read Replies (1) | Respond to of 21876
 
CSCO 59 1/8 and dropping like a rock!

And LU following it right down the tubes....



To: Mighty Mizzou who wrote (9099)8/10/1999 12:01:00 PM
From: Techplayer  Respond to of 21876
 
MM, I usually don't put a tremendous value in day to day prices , but with your 105's hanging out there you must like seeing the 57's with at least 2 more weeks of difficulty staring at us until the rates are increased.

I am hoping for a reenactment of June, though a bit less robust. Sell on the rumor, buy on the news after Greenspan.

Brian



To: Mighty Mizzou who wrote (9099)8/10/1999 12:04:00 PM
From: The Phoenix  Read Replies (1) | Respond to of 21876
 
OG is probably standing on a window sill thinking about jumping. CSCO 59 1/8 and dropping like a rock!

Hee hee.. nah.. not really. As always CSCO is in sell-off at earnings. Used to be the sell-off would occur after announcement. Last two quarters it's been the day of the announcement and now it's a day before. As I said to you in PM Mizzou, I fully expect to be buying CSCO in the high 40's, LU in the low 50's and NT in the high 60's by November. I've got cash on the side and have been waiting for the late summer sell-off. With Cisco's announcement today (unless they totally blow out the number which we both know they won't - they'll announce their boring .01 over) the late summer sell-off will be in full swing. I would not be a buyer in this market.... not yet.

OG