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


To: The Phoenix who wrote (5174)12/9/1998 3:38:00 PM
From: George the Greek  Read Replies (3) | Respond to of 21876
 
Suppose LU is overvalued here.
Earnings growth is in the 20% range (some of the businesses and/or regions are better, I know).
Sporting a PE of 40 times next year's consensus.
Suppose the market gets queasy.
Suppose another international mess rears it's ugly head.
Suppose the market takes a (serious) "correction".
Suppose the bull gets tired.
Suppose the bear emerges.

What do people think a support level would be for Lucent ?
(Haim is already on the record with a fair value of about $55).
Looking for a re-entry price below the 90s.

George