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


To: Jeff Jordan who wrote (14871)5/24/2000 12:53:00 PM
From: Georgeb  Respond to of 21876
 
The house vote isn't until late today, then the Senate has to vote.

LU is just about at a 52 week low. Strange for a company that is growing earnings at about 20%, and does business in the hottest areas of technology growth.

The others are well above their lows (double or triple), even after being beaten down 40%.

No one claimed that this is a rational market.



To: Jeff Jordan who wrote (14871)5/24/2000 1:00:00 PM
From: Anonymous  Read Replies (1) | Respond to of 21876
 
what's up today? I thought the China deal would move LU ? I mean the other way<g>

I don't believe that LUCY will move until after the rest of the market starts going up. There will have to be a strong indication that a bottom has formed in the indices and then maybe we'll see a trend to the upside.

LUCY has lost her favorite status and is going to have to prove something before we see gains like we did in 1998 into early 1999. Just my humble opinion.....Anon