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

To: Chas. who wrote (21417)	10/30/2003 9:56:25 AM
From: Rick Slemmer	Read Replies (1) \| Respond to of 21876

Good morning, Chuck: several negative telecom NRs out this morning, should be a real rest today for Lu to see if momentum can overcome news.... LU is up 5% out of the gate today. I'd say the momentum overcame the news. I use TA to trade. Don't care who the company is or what they do; as far as I'm concerned, price and volume are all that count. I hesitate to call myself an "expert," but I'm good enough to make consistent and substantial gains year over year. I bought LU at $1.90 in late August when it crossed over the 50-day moving average. The only significant TA pattern I see is a series of new 52-week highs coming out of a year-long base. And that's good enough for me to raise my stops and forget about the stock for the rest of the day. Good luck!