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

To: Anonymous who wrote (13782)	3/4/2000 9:13:00 PM
From: Anonymous	Respond to of 21876

I just made some bucks...got out the day before last Thanksgiving at 75 1/2...got back in last Friday at 59 1/2...now, pray tell, what should I do? Get back out immediately and stand around scratching myself...cause unlike most people...I really don't know where this stock is going next. There is a lot of no-brainer stuff being bantered about in here. Anybody with any sense knows what McGinn did. He said at the stockholders meeting in February that there was no need to create a tracking stock for the profitable portion of the business, i.e., fibre optics, etc. So what did he do...he created a tracking stock by spinning off the other portion of the company..Translucent or Company X if you prefer. Not a bad move for such a dummy. After all, he wouldn't want to break his word to the stockholders, now would he? I'm wondering just what affect 401k money coming into the stock in the first days of March contributed to some of the run-up. The timing for McGinn was right if he wanted to get some of that money involved as well as those that were waiting with big bucks to get back on for a ride. Maybe some analyst is spending his whole weekend writing up something negative like a lot are trying to say in this string...and maybe he'll be successful in swaying the market to sell off a bit...and then again maybe he won't have the credibility to throw that much weight around. Stocks are wonderful aren't they. Lucent is not the stock to be in if anyone is trying to play momentum. They shouldn't even be in this room taking up space. JDSU, QCOM, NOKia, and others of that ilk is where they should be putting their money if they have any to put. I play with LUCENT because it is in my 401k and I can get in and out without a tax consequence until I make a withdrawal. If JDSU was available or NOKia, I'd play some with them. Of course I'll probably hang on to the 530 shares of LU that I have outside my 401k for quite awhile, at least till it runs up to 100 like some people on and off of this string predict. Anon