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


To: Jazz102 who wrote (1963)4/2/1998 2:00:00 PM
From: Mark Palmberg  Respond to of 21876
 
But boy did those fall when everyone thought the sky was the limit.

I don't think we'll see any Chicken Little's for a while yet. "The sky's the limit" sure is appropriate for this stock.

So she stuck (and is sticking) for a bit right around 70. Do any of the more experienced folk 'round these parts (ack, it's catching!) have some idea as to whether we'll continue to see these sporadic resistance points up until the tide turns? I guess the reason I ask is that it seems you could probably make a pretty good guess at a local top for LU if you could time these resistance points as they either spread out or get closer together over the next couple weeks.

Does that make any sense? Stick with me; this recent rise has caused some altitude sickness, I'm afraid. <gg>

Mark



To: Jazz102 who wrote (1963)4/2/1998 6:04:00 PM
From: freeus  Respond to of 21876
 
USRX ended up fine before its merger. And AMat is stuck in the semiconductor doldrums. For short term trading you might want to sell some Lucent, but for the long term this company is here to stay and will be making superior earnings many times as the years go on.
Freeus
(IMHO)