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

To: OldAIMGuy who wrote (15699)	8/8/2000 10:35:14 PM
From: Georgeb	Read Replies (2) \| Respond to of 21876

Tom, You will do very well buying at that price. I notice that you are an investment pro. I think that LU might drop into the high 30's, but cant see it going lower for 3 reasons: 1. Our credible new CFO promised 20+% growth in earnings after the next 2 quarters. 2. Avaya spin (in September) and Microelectronics spin (in March)as 3 stocks will add value for current shareholders. 3. The Saudi cellular deployment is much more likely with their recent windfall oil profits. Regarding those who talk about support levels by looking at the charts: I think Tech Analysis is a load of trash, and is a throwback to a primitive instinct that had our ancestors looking for answers in chicken entrails. The business schools teach that it is trash, yet you see John Murphy and other TA gurus pushing that pseudoscientific claptrap like religion. Might as well sell a system for picking lottery tickets, a real disgrace. I am familiar with the origins of most of their tools, they are used in signal processing mathematics for pattern detection and sysmic work. These guys abuse the tools. Best of luck to you and your fund. George