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

To: RetiredNow who wrote (2039)	4/5/1998 2:34:00 PM
From: Jacques Tootight	Respond to of 21876

To Dennis & Mindmeld, Thanks for your posts. Now this is the stuff of learning and a pleasant exchange of ideas. Excuse me if I got a little excited. I'm new to the SI boards and still getting used to the wonderful civility. I'm too used to getting bashed for throwing out new ideas. Gentlemen we agree on far more than we disagree. I guess we have different opinions on just how deep and how long a potential pull back can be. My contention is that the current dynamics of the market won't allow it to pull back for to far and for too long. I think what we saw last fall is as bad as it gets for awhile. How long? I certainly don't know, but given the current dynamics it COULD go on forever. Actually, and Dennis you'll like this, in a historical perspective it HAS gone on forever. Despite major crashes and some extented bear markets the bulls have prevailed over the long haul. As I've mentioned, for me its about the money. The money that keeps pouring in. I only see catastrophe stopping it, and I mean BIG time trouble. This market has absorbed every curve ball thrown at it. Things that would have made it crumble not that long ago. Sex in the White House, Sadam, Asian flu, Opec announcements, bad earnings from Intel. Bad news is looked at as a buying opportunity of gods sake. Is it insane? Sure, but I just don't see what's going to make it stop. Its about the money. Lucent may very well, and should pull back next week. Lets say we pull back 4 points from profit taking and nervous nellies bailing out. Everybody who follows Lucent has been waiting for this to happen. I'm know I'm jumping on it. And then you've got Joe Moneymanager at Big Time Mutual Fund who just got another $10 million in the mail that day. He's jumping all over it too because he's GOT to put it somewhere. Mindmeld made an interesting point about the Internet. I think the the 'net is doing an incredible job at educating and informing investors. I believe there is more new blood in the market than ever before because of the Internet. You can come here and learn in plain English and people find out they don't have to be rich to play. It doesn't have to cost a hundred bucks to buy stock and you don't need a broker. I think I disagree however that its creating a herd mentality. I think what you are starting to see is that bad news is punished very specifically, limited to the offending company or its sector. I'll need to give this one some more thought. Oh well, I've rambled on far too long. My apologies to those I've bored, college basketball is over and I'm waiting for the sun to arrive. Best to all - RC