Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: willcousa who wrote (15450)	7/20/2000 6:32:03 PM
From: silicon warrior	Read Replies (5) \| Respond to of 21876

Hi everyone: I lost plenty of money being long LU today. I blew out of the stock because I believe its short and medium term prospects are terrible. I believe that there will now be a series of downgrades, occurring over the course of weeks. This will be like owning MOT in the last quarter--nothing but agony followed by more agony. And, the non e commerce types will see what happened today and selloff more tomorrow. I have never shorted a stock, but am thinking of buying puts tomorrow morning. The rise at the close was short covering, IMHO. These guys are in the sweet spot of all business, not just tech. They had THE brand name and lead. All their competiitors are soaring multifold. They, meanwhile, in the sweet spot, announce declining growth and declining earnings, coming off a quarter in which they warned. remember today was a great day for the market overall. I say they've demonstrated that they're a bunch of dead old white men in a young man's game. And the female CFO showed her mettle today--don't get the troops to perform, just lower the hurdle and expectations and screw the shareholders. They have no vision and are running scared--as am I. Shoulda bought NT, CSCO, JDSU, SDLI, or any random infrastructure play--this is virtually the only barking biting rabid dying dog. Somebody should shoot it and put it out of its misery.