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

To: RetiredNow who wrote (2143)4/7/1998 5:30:00 PM
From: Boplicity  Read Replies (1) | Respond to of 21876
 
Could be blow off.

Greg



To: RetiredNow who wrote (2143)4/8/1998 7:25:00 AM
From: KENNETH R SANDERS  Read Replies (2) | Respond to of 21876
 
mindmeld>>>>>>LU down substantially today on double the volume<<<<That's double the "average volume"(some pre split?).Volume yesterday was down approx. 1,000,000 from previous day.



To: RetiredNow who wrote (2143)4/8/1998 7:55:00 AM
From: qdog  Read Replies (2) | Respond to of 21876
 
Resistance at around 60 and 50 Day Moving average at 56. Test of that average is probably underway. The overall market is probably correcting 6-10%.

Nervousness over earnings, thanks to pre announcement warnings and Mototrola's warnings about future Q's. AMD lost more money than expected and blaming Asia. Microsoft under siege by DOJ. Then there is the plain old overvaluation of stock in general. Nothing goes up forever.


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