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

To: yard_man who wrote (4819)10/26/1998 12:16:00 PM
From: Haim R. Branisteanu  Respond to of 21876
 
Tippet the intraday chart tells a different story, but with momentum stocks you never know.

As a rule in this market for the last 2 years, the less reliable the financials are, the higher the stock will run.

Until the "unexpected" and the stock will crash see OXHP, CD and CA as some examples. LU is in the same class they manipulate the information in their financial statements to get high stock prices for acquisitions. CA was/is doing the same.

From a FA point of view LU is grossly overpriced and that's exactly why it will move higher.
BWDIK

Haim



To: yard_man who wrote (4819)10/26/1998 1:25:00 PM
From: Jim S  Read Replies (1) | Respond to of 21876
 
I see the reverse h&s you are talking about, tippet, but be nimble. There may also be a "rightside up" h&s going back to April on the weekly chart. We're on the right shoulder.

Good luck,

jim



To: yard_man who wrote (4819)10/27/1998 9:40:00 PM
From: HiSpeed  Read Replies (2) | Respond to of 21876
 
Upward momentum seems to be slowing - possible reversal?


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