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

To: DiB who wrote (20517)	7/17/2002 2:39:28 PM
From: Jesica Dawnet	Read Replies (1) \| Respond to of 21876

Well, what is happening today is not related to shorts, since you can not short on stocks $5 and below. 2003 is around the corner, and that sounds good to me. The sector not spending money soon, is what concerns me, but again, NXTL has become profitable that they use a lot of Lucent and I am sure they will order more. Other than Cisco, lucent is one of the largest providers on telecomm equipment. They simply been in too many products, but they have fixed that and are now much more focused on what products worked for them. Those prices that they plan on shortening will be in the double digits, and the stock is in the low, low, low single digits. There are already buyers. You can tell by the support and the slow averaged rise. This is why today's performance was puzzling. Almost as if there are large buyer at some lower level, and the market makers are simply trying to pull the stock down in order to fill those influential customer orders. I have seen this before. If this is the case, then the stock will shoot up at larger prices than we have seen recently. I can't seen anything wrong with the company. It is a well run company with important contacts, and important customers that are stable, and all recent new for it have been very good. Even if it misses it estimate, it would still be a good buy at even $4.