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

To: Anonymous who wrote (21285)	6/3/2003 1:29:48 PM
From: DiB	Respond to of 21876

Russo reiterating current quarter's revs forecast has something to do with LU going down.

To: Anonymous who wrote (21285)	6/3/2003 4:24:15 PM
From: Jim Roof	Read Replies (1) \| Respond to of 21876

LU is not tanking. This is called profit taking. There might be reason for concern if LU closes under 2.00 but that concern is only for the short term. If it falls under 1.50 then that's much more serious for long-term implications. The mere fact that chunks of stock are being traded means that stock is trading hands. If a stock can trade hands and still maintain solid support (in this case, roughly at 2.00) then that is good news for longs. If shorts are taking large positions then a failure to push LU below 2.00 makes them look at this point like the ones most likely to regret their decision.