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

To: puborectalis who wrote (5773)	1/22/1999 7:19:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 21876

It's an excellent company that is likely to dominate most of its markets. But the price of its stock, like that of IBM in the later 1960s, has been bid up so high that it reflects many years' improvement of profits in advance. When this happens, it often turns out to have been a good time for long-term holders to take some profits, and short-term holders using margin sometimes are squeezed into forced sales of the stock, aggravating a temporary downturn in the stock price.