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


To: Sai P. yandamuri who wrote (3866)9/1/1998 12:33:00 AM
From: ed  Read Replies (1) | Respond to of 21876
 
Funny, LU's total outstanding shares are 1306 million shares, and today's trading
shares is 13 million, i.e 1%, and stock drop $10 dollars. I bet the free fall is due to the dump of Institution at the close of the market, and panic buying did not even have a chance and the market closed. Again, this only tell me that the market is controlled by those big fund managers who controll billions of dollars and can short down any stocks they want. Of course, for big cap stocks with good fundamentals, they have to short down it within half hours before the market close, so that panic buyers do not have a chance to buy .