View Full Version : LU Lucent
08-11-2005, 12:05 PM
Get in or get out? How risky is this one. Got in around 3.00, been heading down. Cramer seemed to favor this one. Is it time to SELL SELL SELL?
08-11-2005, 06:05 PM
I'm holding on to mine for a bit. Patricia Russo the CEO is working very hard to get the company back into shape. They have had some excellent progress the last several quarters. Give it another 2 quarters if you can,unless it climbs up over 4 bucks sooner.
I think this one is going to bounce around at the 2-5 dollar range for another year or so. Looks like the company is getting its act together and could be a big winner a few years down the road. Don't forget, lots of people got killed in this stock around 2000 - 2001, so people will be very hesitant to get back in. There will be money to made over the next year or so with the bounces that will occur, but if the comapny stays on track it could be a huge winner in a few years. I think it is a good long-term speculative play.
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