Alcatel-Lucent ADS fka ALU

[DocLevi]

CNBC pointed out last week (or the one before) that it was a sustained bull market with a lot of cash sitting out on the side already.

For example, they said Burk. Bill. from Ohmaha had 50 billion in cash (pre BK if he moved recently to BK).

So basically there is plenty of cash to absorb Alibaba and IPO's without selling off anything to fund it (it has to do with so many guessing that a crash was due most likely as CNBC has had some nut on since March talking about major crash... and other radio shows since last year... The basics weren't there to justify every attempt to make the crash happen, that's why it didn't happen.)

Of course China could invade Iraq tomorrow and make everything tank except oil and defense stocks (I guess again... lol)

ALU is so big its hard to absorb costs to show much profit ... one analyst still has a $6 target: http://thestockmarketwatch.com/stock/stock-data.aspx?stock=ALU&a=showEarnings