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

To: Ian@SI who wrote (16296)	9/26/2000 10:26:18 AM
From: GVTucker	Read Replies (1) \| Respond to of 21876

I would disagree with your premise, primarily because I think that window dressing goes on for very different reasons than you. The primary reason for window dressing, IMO, is not to have things show up on a balance sheet or to get things out of a portfolio before the reporting period. Most people don't read those reports anyway, and institutional investors that really matter for the most part don't micromanage things to that degree. Window dressing goes on as funds try and get a few extra basis points of performance during a quarter. The easiest way to do this is to buy a few large blocks of an illiquid stock that you hold a large position in. This moves the stock price and improves performance for the quarter. For a highly liquid stock like LU, there isn't much effect along those lines. The main reason LU has been dropping isn't window dressing, but the estimation by the market participants that it is a dog of a stock.