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


To: Bill Monahan who wrote (4399)9/30/1998 3:01:00 PM
From: Eman03  Respond to of 21876
 
<< No - I'd say 108 to 69 = 39pt drop a crash. Institutional investors will start lowering their exposure to this sector soon.>>

I'd say they probably already did. That would explain the drop. You and I selling would not.

I wish I had more $$$ to invest...I'd buy at these prices and hold until my son hits college.



To: Bill Monahan who wrote (4399)9/30/1998 3:02:00 PM
From: yard_man  Respond to of 21876
 
Re: 108 -- how long was it up there? 200 dma is about 68 or so. When you get a spike like that and don't sell it, to at least buy back, what can you say?



To: Bill Monahan who wrote (4399)9/30/1998 3:04:00 PM
From: robbie  Respond to of 21876
 
<<No - I'd say 108 to 69 = 39pt drop a crash. Institutional investors will start lowering their exposure to this sector soon.>>

Well, it's certainly another chance for them to buy high and sell low.
I bought some more today at 69. Love buying on the downgrade. Will sell some at the next upgrade.



To: Bill Monahan who wrote (4399)9/30/1998 3:57:00 PM
From: Doug  Read Replies (1) | Respond to of 21876
 
Bill: LU is a potential SHORT. Both revenue and Income growth from within are extremely hard to come by. The only source of Growth now is by acquisition thru pooling.

Immediately on pooling, Income/share will drop until SG&A & R&D activities are downsized and rationalized. Hence I do not see LU trending up till 1 or 2 Q's after their first big Acquisition.