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

To: Anonymous who wrote (3353)	7/28/1998 10:12:00 PM
From: LWolf	Read Replies (2) \| Respond to of 21876

Why a Market Correction Won't Replay 1987, from the WSJ interactive: techstocks.com laura

To: Anonymous who wrote (3353)	7/29/1998 12:15:00 AM
From: J. P.	Read Replies (1) \| Respond to of 21876

Anonymous, I liked you post. First of all, I agree completely that 401K plans are propping this market up. I think lots of my favorite stocks, Microsoft, Dell, Lucent, AOL, are ridiculously overvalued based on any traditional accounting methods, but the funds need somewhere to safely stash all those billions that keep pouring in. That's why I love these stocks so much! Don't know how long it will last, but we have this demographic anomoly of the boomers who keep stuffing the mutuals, so i think the ride has several years left to it. And I also reiterate that I think we are in the beginning of a good slide, and it happens every year and sometimes twice a year, so what's the big deal. I embrace it, and even look forward to it, because that's what creates the great prices. Just don't be foolish enough to buy into it until it hits a good bottom. I always get a kick out of people debating the merits of different mutual funds. To me all they are good for is to churn the markets. The index 500 is the best fund. Sure there are sector funds, and some various funds that beat the SP 500, but most of the thousands of them don't, so what good are they? The 'growth' fund we are offered where I work has over weighted itself in ARCO and Texaco thus has suffered while the rest of the market was going up. And I bet the manager made more than a million in salary and commission! Anyways, nobody worry about LU because it will go up when the market straitens out. Don't try to fight the tape, when things turn around LU will be a leader along with MSFT, DELL, AOL, CSCO in sending tech even higher again.

To: Anonymous who wrote (3353)	7/29/1998 7:15:00 AM
From: elepet	Read Replies (1) \| Respond to of 21876

YES! absolutely correct.(IMHO)This is when I started trading stocks...when I noticed last year how much at the mercy of the"market" my 401K money was. One can, if one is very sharp, actually play the market within the 401 K..as soon as slide begins,(which is usually when that fund is at it's highest). take money out of funds & transfer to the MM account within the 401 plan. I'm trying to learn how to do this, with not much success so far. Difficult..usually people pull out too late. A certain inertia sets in, reinforced by the experts advice to ride the waves with them. And playing the funds is especially discouraged by them. About LU. I got out last week at 104 1/2 & have been watching for a reentry point. Bought a few shares yesterday at 92 3/8. Noticed after hours jump to 96 1/4 at 16:44. But by 17:01 it was back down to 92 5/16. If pattern follows past few days, it will go up to 95 & then back down..lower perhaps. I also put some IRA money in Fid. Developing Communications, which was down, figuring it would bounce back soon. Now I'm wondering. It seems as though day trading & shorting is the way to go in this sort of market. Other than putting money in the bank. Opinion please? Thanks.