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


To: ed who wrote (3356)7/29/1998 3:11:00 AM
From: LindyBill  Respond to of 21876
 
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.
Right on, J.P.!
you are seeing the accumulation mode, and the bottom is near.
Gee, I hope your are right, Ed!