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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (34594)	4/22/2002 4:28:53 PM
From: TechTrader42	Read Replies (2) \| Respond to of 52237

Monty: Note the upgrade of LU today: finance.yahoo.com "12:00AM Lucent Tech upgraded at Piper Jaffray (LU) 4.53 +0.24: -- Update -- USB Piper Jaffray upgrades to MKT PERFORM from Underperform, saying they see no negative catalysts; lowers FY02 rev/EPS ests to $14.1 bln/($0.51) from $14.6 bln/($0.50) and FY03 to $14.7 bln/($0.08) from $15.5 bln/($0.01)." An upgrade to market perform, with lowered estimates. Morningstar's advice: biz.yahoo.com "Despite all of Lucent's recent streamlining, investors are better off waiting until conditions improve in the telecommunications industry, or the shares fall well below Morningstar's fair value of $5, said Morningstar stock analyst Jay Ritter." Another name for the permabulls in the headline here: "Credulous investors." forbes.com Credulous Investors Take Another Hit Mark Lewis, 04.22.02, 12:40 PM ET NEW YORK - Hope springs eternal for telecom investors, and each time it does, reality steps in and crushes it underfoot. The stock market began the week with another telecom-induced swoon after warnings from Ericsson and WorldCom indicated that 2002 may offer no improvement over that annus horribilus, 2001.