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


To: freeus who wrote (1653)3/20/1998 1:50:00 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 21876
 
Hi freeus, concerning the LU stock split and any pullback....LU appears to be an extremely resilient stock. My guess is that there is a huge number of LU shareholders that are from the original T spinoff. (myself included) T holders tend to be a conservative lot and therefore I think the LU shareholder base is solid. Also LU has a DRIP program. After the spinoff, I converted some of my T shares to LU and have been adding through the DRIP, I literally consider my initial shares to have a -0- cost basis since the shares were acquired thru my husbands compensation package when he worked there. Of course this is not to say that holders won't bail if there is a significant pullback, but that seems quite unlikely. Just something to consider.