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: Fli-by who wrote (3288)	7/24/1998 12:02:00 PM
From: Anonymous	Read Replies (1) \| Respond to of 21876

The bounce has been bounced back. I think that LU will probably sink to the high 80's and then move sideways for a couple of weeks. Then it will depend on what things are like in about a month or so. Most of my LUCENT is in my 401K. If I were smart I'd move to something safe like a GIF fund until LU bottoms out somewhere then move back into LU. That's one thing that is nice about a 401K. There are no taxes to be paid (no capital gains) on a move like that within a 401K. I've done it several times and have made out okay, although trying to move out on the highs and back in on the lows can sometimes burn you. My best move recently would have been to move out the day before earnings were announced. Sometimes you just sit there watching for a couple of days and before your very eyes the stock drops 10 - 12 % before you realized you've blinked.