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

To: The Phoenix who wrote (12188)1/6/2000 6:51:00 PM
From: Diamond Jim  Read Replies (2) | Respond to of 21876
 
OG, anyone who doesn't have a bad taste in their mouth right now from LU is a rare person indeed. Can't do a darn thing about but boy did I get blindsided by this. I'd be more upset but will it do any good?

Imagine the first time CSCO speaks up and says "we aren't going too make our number", look out. Someday it will happen.

I actually have a bad taste toward the whole market right now. It isn't just LU, look at all the BS and games played, Greenberg says one thing, Mr Fun another, Doltan yet another, my gosh, better off to just stick with boring old SPY. That way all the BS is lumped in together.

I have a very defeated attitude right now.

jim



To: The Phoenix who wrote (12188)1/6/2000 6:56:00 PM
From: Stephen  Read Replies (1) | Respond to of 21876
 
Notwithstanding the effect on LU shareholders, the widespread effect to the other tech stocks, which have already retreated, may start the cascade effect on the market. If things don't turn quickly, there's a whole lot of folks going to get margin calls pretty soon. This could get painful.

Good luck to the longs ... unless you've been holding for a few years ... in which case its more just a matter of c'est la vie for now !!.

Stephen


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