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


To: Jeff Jordan who wrote (16014)9/12/2000 11:53:47 AM
From: Anonymous  Read Replies (1) | Respond to of 21876
 
You wrote ... "I wish I had answers....LU has to be worth something...people act like it's dead? I've started a position....gonna ride it out and add when moved."

I got back in @ 41 back on August 10. I thought when it went up some on August 29 and closed @ 44 3/8 that maybe the worst was over.

What's happening now is hard to understand. Apparently the STREET doesn't want in even below 40. I guess nobody has any confidence in what's going to happen at the end of the month when AVAYA starts trading.

My 401k is suffering. I've lost plenty in the last several weeks and watching it going down again makes me wonder. With the spin-off of AVAYA and next years spin-off of the Microelectronics division, I'm thinking that nobody knows how to value this company.

It's been sitting @ 37 1/8 for some time now. Maybe what happened yesterday will happen again around 2:00 PM ... that's when it started selling off yesterday.

This should be telling us something .... but what? I'm not a market person or a stockbroker and I certainly don't have the expertise. After all, I was out and got back in at 41 when I thought a bottom had formed, however, not so!.....ANON