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

To: Anonymous who wrote (17510)	1/18/2001 7:39:46 PM
From: Dave	Respond to of 21876

This is from netcognizance.... netcognizance.com LU- Ogden see this as a problem company.

To: Anonymous who wrote (17510)	1/18/2001 11:26:14 PM
From: Fred Gohlke	Read Replies (1) \| Respond to of 21876

Anonymous, Anixter's return of $200 million in inventory scared the dickens out of me. That won't show up on the current earnings report, but will in the next quarter. I do not have a good handle on product values and quantities, but that seemed to me like a pretty large chunk to have to swallow. I decided to sell into yesterday's strength and wait to see what the first quarter report will be. I have absolutely no doubt that LU is a good, strong company. It's not going to choke on that amount, but it will probably get the hiccups. I got in around $13, planning on a long-term hold but that news shook me up. I'd rather be here, whole, and in a position to come back when things settle down. Fred

To: Anonymous who wrote (17510)	1/19/2001 1:06:18 AM
From: R.E.B.	Read Replies (2) \| Respond to of 21876

Obviously the guy is not on top of Lucent or he would have known about the recent run. You still can't reconcile his statements about being a troubled company with the fact that over the last week and a half, block trades are running 60% or better on up days. There are some big buyers coming in and LU is almost always in the 5 most actives of the NYSE. If I were a betting man (and I am) I would say the momentum is with LU through earnings and the next interest rate decrease. As long as the market (techs in particular) continue to show strength, LU should follow. At this point, LU is so beaten up, downside risk is minimal.