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: RetiredNow who wrote (1738)	3/25/1998 7:53:00 AM
From: Ted Downs	Respond to of 21876

mindmeld, I'm holding a large amount of LU since 31 and am very bullish for Lu in the future. However, I think you probably did a wise thing taking some money off the table by selling some to get in cheaper later. The market and LU is irrational and these 100 pt. up days will not last forever. The rise in Lu has to correct at some point. This won't affect me or people who got in at much lower prices, but anyone who bought at prices over $100 should be concerned. Bubbles don't expand without breaking at some point. This market scares the hell out of me. I'm glad there are circuit breakers because I've seen those -600 dow days and I'm nervous. Not nervous for stocks I'm in at low prices , but nervous for all the others where I'm close to even. The professionals doing buy programs have been driving this market for some time now and they also make money when they start the sell programs. They don't care which way the market goes only that it moves. enough said. Good Luck to all. Ted