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: ricecr who wrote (3526)	8/5/1998 3:15:00 AM
From: Nathan50	Read Replies (1) \| Respond to of 21876

<Even though LU is pricey--I really don't see it dropping below 80 To talk about 50--that's not very practical in this market. Just look how, for example, yahoo and amazon are valued? It makes Lucent look like a bargain!> True but tell that to IBM holders of the mid 80's as their stock soared above 175. If memory serves me correctly IBM "corrected" to 35 before retesting a decade old high. Remember NSCP when it flew close to 200, it now sits at 27 split adjusted or COMS as it hit 80 then 24, back to 60 and now wasting away at 24. Yahoo and Amazon will fall in due time. If your neighbors jumped off a bridge and survived would it be okay for you to try? Compare apples to apples, LU is no Yahoo or Amazon. Those two are pure plays on momentum and momentum only. LU has lost a lot of momentum players these past few days and what will happen when panic program selling hits the stock? What will happen to the market overall if the Pres is proven wrong? Heck, 50 might be wishful thinking now but then again it might also be wishful thinking later.