MDA - Market Direction Analysis

[porter]

So Augie---

Let's talk Lu. It's better than talking to you about the lower steering column bearing of my son's '85 Chevy short-bed that the dealership wanted $180 for. "Hey, guy," he announced, "you have to buy the whole column." Now Augie this is "maybe" a $4 part and there's no after-market for it, so I ended up having to harvest it in a part of the city where the cats are afraid to go out at night.

Back to Lucent. It suffers from over-capacity so the question now is what to make of its TA. It's been finding support at the 30dma on the Daily and when it breaks below that then look out. Right now that magic number is $2.21. I see the downside risk to $1.75. I think it's worth a shot, IMO. (I have a sore neck from watching it.)

--Porter