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To: ItsAllCyclical who wrote (58101)1/7/2000 1:16:00 PM
From: CpsOmis  Read Replies (2) | Respond to of 95453
 
O/T Re: the LU price collapse

Lots of talk here in re: capital flight from the techs into value, including oil/oil service.

A 28% drop in such a large cap stock as LU is, to me, an extremely unusual phenomenon.

Am I wrong here? Can someone give any insight as to how unusual this occurrence is?

I must say, I would hate to be that brokerage house that issued the "buy" recommendation yesterday! LOL!!!!

I actually anticipated a potential "run" in the tech stocks today as a result of the LU price collapse, but it appears to be a one company phenomenon.

I have 200 shares, 100 that started out as 25 a long time ago when it spun off of ATT. This is a long term 401K stock for me and I will hold on.

But 28% IN AN HOUR?????????? What does this portend for things to come?????? (maybe Sarge will start pumping LU?...sorry Sarge, couldn't resist!!)

Stay tuned.......................