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

To: Justin Franks who wrote (4190)	9/17/1998 9:46:00 AM
From: Mark Palmberg	Respond to of 21876

Why don't you explain it to us longs, Justin? What's your theory? Mark

To: Justin Franks who wrote (4190)	9/17/1998 10:04:00 AM
From: Wayners	Respond to of 21876

Are you saying the analysts knew in advance that overseas markets were going to sell off last nite and that Alcatel was going to warn? Give me a break. Upgrades and downgrades simply use up short term buying power and selling power. When that power is exhausted after the "news" plays out, its easy to get a short term reversal. I would have given more credence to your theory if the upgrade(s) had trully occurred near a top after a long run--like when LU was over $100. However after a 30% drop--no friggin way.