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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (18429)	6/21/2001 1:40:32 AM
From: Don Green	Respond to of 30051

Mishedlo> you did not ask me but just looking at the market cap and earnings I do not see why it can not fall to $1. Considering the likely level of Institutional and Pension fund money still trapped in Lucent it seems that the $5.00 level would be an almost impregnable floor of support due to margin and mutual fund requirements of not being able to own a stock below the $5.00 level?? I would guess if Lucent breaks $5.00 there would be a real huge institutional blood bath with HUGE volume, something that could really disrupt the overall market. For this reason I doubt the big players will let that happen any time soon. Also for that same reason, Lucent should be a relatively strong buy whenever it dips near the $5.00 level Just a thought. I guess time will tell! Regards Don