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

To: DiB who wrote (20207)	6/4/2002 7:29:50 PM
From: stock bull	Read Replies (2) \| Respond to of 21876

DiB, Here's my take on the sell-off today: LU was sold off on very high volume, this is institutional selling. Given the time of day the selling start, and the relentless sell, sell, I conclude this was a program trade. Why the sell-off? The institutions were holding onto LU because of the pending spin-off of Agere. Now that the spin-off is completed, and the institutional holders got their "dividend", they bailed out of LU. Once the spin-off is absorbed by the markets, LU's stock will have to find a new trading range. I suspect it will be in the range of 3 to 5 dollars until LU starts to show some earnings and revenue growth. Of course, this is dependent on enterprise spending kicking in. JMO Stock Bull