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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: maverick61 who wrote (51878)	6/1/2001 12:32:54 PM
From: American Spirit	Read Replies (2) \| Respond to of 57584

Positive article in LA Times today on LU saying basically no risk of bankruptcy and never has been, difficult decisions to make which division to spin off or sell if they're not taken over (and doubts they will be bought out as a whole). Positives include lull period to catch up in switcher technology, because otherwise best products out there, and that Lu and Bell Labs are going to be around for a long time and that debt burden can be more than erased with any one of several deals available to them. Just have to decide between the lesser of the "evils". I'm thinking today could be the bottom with a 7.50 floor and have put in a buy order just above that. This has been an embarrassing and disappointing week for LU in midst of a sharp tech sell-off Tuesday which gave the Street a false impression that they are desperate to dump their company at any low-ball price. Management screwed up again including leaking terms of the merger deal to the WSJ and giving shorts an excuse to knock the price down, then misinterpreting ALA's intentions. We all saw how LU doubled from its bottom a few months ago after false bankruptcy rumors when the real story came out, dispelling worst fears. I took heat then plugging the stock under $7 and probably will again suggesting it at under $8. In any case, buying into negativity and selling into relieving news spin has been the only way to generate profits lately so here we are again, knowing nothing has changed but another wave of doubt-producing news which has not affected the bottom line.