Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DiB who wrote (21036)	10/24/2002 11:17:31 AM
From: Dolfan	Read Replies (1) \| Respond to of 21876

Just a hunch but I think smart money is getting back into Telecom. George Soros with Qwest and Warren Buffet with Level 3. Along with some pretty good Insider buys recently could be a signal that the Telecom recession is close to over? Just hunch!

To: DiB who wrote (21036)	10/24/2002 4:36:36 PM
From: DiB	Read Replies (1) \| Respond to of 21876

Good point: thestreet.com ...Lucent's situation is a bit different. Since the company is likely to continue buying back its convertible bonds using common stock, hedge funds that own the bonds while holding offsetting short positions on the stock are covering their shorts in anticipation of the buyback. This so-called short rally also coincides with Lucent's somewhat conflicting yet optimistic prediction that it will have a strong second quarter, yet see total 2003 sales drop 20%. ...