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To: Lucretius who wrote (41707)11/29/2000 2:04:25 PM
From: chic_hearne  Read Replies (1) | Respond to of 436258
 
LU is a huge risk play... and there will be no bounce.

I agree 100%. I think LU and many other stocks like it are going to be a big trap for the bulls, and the bears that aren't bearish enough. -ggg-

Since it was once at $70, the current $15 may seem cheap, but is it? Hell no, it's still got a cap over $50 BILLION because there's sooooo many outstanding shares. P/e is still a 25 with decelaterating earnings and core business problems. They're not ever below 1 times sales yet. Even on a S-T market bottom, I don't think LU is going to do crap.