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

To: Mark Palmberg who wrote (3274)	7/23/1998 1:18:00 PM
From: Rob L.	Respond to of 21876

Good point Mark, this stock is due for consolidation. IMO it should fill the gap created earlier in the week at around 95. It already filled one gap at 102. The stock is up more than 2% already this week (granted it was up 14% at one point, but that was a bit ahead of itelf), Can't complain about this week's movement since I got in at 106 pre-split. Too much ticker watching here. Sit back and let it run.

To: Mark Palmberg who wrote (3274)	7/23/1998 1:29:00 PM
From: J. P.	Read Replies (1) \| Respond to of 21876

I agree. I held through earnings on the hope that they'd have a bigger earnings blowout. And also on the chance they'd announce a split. For the very short term there's nothing left to propel LU forward. I've liquidated all options contracts I was holding. Uncle Al effectively lanced the bubble that was forming in the market, the timing was unfortunate for short term LU traders, because I think we'd have seen more of a pop Tuesday. The Nasdaq in general is reaching the top of a cycle, how much higher can CSCO, MSFT, DELL, INTC go? So the leadership is topped, and the secondary issues aren't going to bring us higher. Today is the third day of a downtrend, a confirmation in my book, and earnings season is almost over. We might have one more run up this summer, I'd call it a sucker run. I'm going to let the market mark time for a while and come back in the late fall when there should be lots of ripe apples on the low branches, including Lucent.