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

To: Diamond Jim who wrote (7403)4/16/1999 2:26:00 PM
From: Cents  Read Replies (1) | Respond to of 21876
 
James, Magellan is just trimming back some of its stock holdings.

From Briefing.com:

Fidelity's Magellan Fund : according to Dow Jones, the Fidelity Magellan Fund is said to be taking some profits and trimming its positions in well know tech stocks such as Intel Corp.
(INTC 57 3/8 -1 1/16), Lucent Technologies (LU 57 1/8 -7/8), and America Online (AOL 145 5/8 +1 3/4); the fund has reduced its tech stocks holdings from 25.5% at the end of January to 20.9% as of March 31.....

Don't worry, they'll be bought back.

Time to trim down my magellan large cap shares, and go long more LU stock. <g>

Cents



To: Diamond Jim who wrote (7403)4/16/1999 3:20:00 PM
From: SpecialK  Read Replies (3) | Respond to of 21876
 
LU, INTC shares sold? Maybe not, maybe more shares of C and TWX bought. Reread the press release, it says that the others were added into the top ten. If LU,INTC were 9 and 10, now they could be 11 and 12. Nowhere does it say, shares were sold.


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