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

To: CalC who wrote (6762)	3/23/1999 2:12:00 AM
From: Anonymous	Read Replies (1) \| Respond to of 21876

"Don't worry. Give it four more weeks at the most. Should hit 120 soon. (After the split of course)" I wouldn't put too much stock in expecting too much from the split...that's already figured in and I don't expect much upward movement when the official split happens...at least not with this stock. Lucent announced 2 for 1 back on Feb 16 and the stock closed at 103 that day, up from 101 the previous day. The highest its been since the announcement was an intraday of 110 1/16 back on Mar 9. Today the best it could do on an intra day basis was 102 3/16 while closing at 101 1/8 with low volume of 5,254,300 shares traded. I'm one that would like to see this thing get the heck up to around 115 to 117 so I could get out myself, however, I'm afraid that this stock is not going to move for quite some time and the impending "correction" in the market that will soon be here isn't going to help. Back on February 17, I believe the day after the company announced the 2 for 1 split, Warburg and Dillon rated LUCENT a "buy" and gave it a target price of $130 in 12 months. The closing price of the stock that day was 101, therefore, if one can believe the analysts from Warburg are correct then that target price is still far out in the future for short term holders. Anonymous