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porter

06/11/03 9:38 PM

#7684 RE: augieboo #7683

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
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LG

06/12/03 10:22 AM

#7699 RE: augieboo #7683

augieboo: Even though the rising consolidation patterns were violated my intraday models are suggesting the decline is going to resume. Of course, I could be wrong...

I was unable to post last night as my new “in town” residence was subjected to wind gust up to 70 miles per hour. I was worried my newly planted trees on the western side of my property were going to be blown over. I spend much of the evening keeping an eye on them. Three are going to have to be straightened, but for the most part all the new plants faired well. However, the cover for the new BQ Grill and Smoker did not fair as well. I found the new cover on the east side of the property. And, to make matters worse I left my SUV windows down slightly due to the heat yesterday, something I never do, so I did not think about rolling them up.

Only a little rain was blown into the SUV so I lucked out, but I still have a clean up on my hands. A neighbor's tree did not fair as well as mine and the phone lines went down yesterday evening. SBC is out working on the line this morning and have a temp fix in place. SBC will be taking the main truck down soon (who knows when) and will not speculate on how long, so no trading for me today.

At any rate, I have to go spend more money at Home Depot (I should buy some stock in this company...gg), buy some stakes and twine to stake my trees and buy some claps to keep the BG Grill cover in place and then clean up the SUV.

I'll have to take a look at LU later, but I would be careful going long on an intraday basis. By the time I get this posted, the market will have already given you a be careful signal I suspect...gg

Regards,
LG