Lucent (LU): a worthless, forgotten piece of crap

Can you imagine, if I had said something like that a few years ago - or predicted it - how much of a discredited, irrecoverable outcast I would have become in under five seconds, and for the rest of my life?


How many of you - especially those of you who in in CA - remember when they used to trot out Kim Polese of Marimba (MRBA) each day, like it was The Second Coming?


eLROY

identify the next hot sector or chalk it up to experience.

If you think the economy is headed for recovery

the Independent Power Producers may be a good bet.

See CPN,DUK,MIR


Disclosure: I am net short puts in CPN

The IPP's are up nicely.Check out CPN

its going up every day since you washed it out. give me some more of your worthless picks please as i need the money.:)

It's usually lumped in with LU when they talk about the telecom sector.

Suppose you buy LU at 80, and it goes down 95%.


Then all you have to do is invest the same amount of money you had invested at 80 at 4. If it goes up to 7.20, you're golden.


Only problem, you had half your money in it at 80. And then you already tried the equal-amount game twice, at 40, and at 20 (you have a day job).


So, now it's at 5, and you ran out of dough at 20. How high does it have to go before you get even?


If you're counting on a 1400% runup, 30% looks like a dog to me.


And if you think "forgotten" is an exaggeration, try getting a broker to return your calls with $1,200 in the account.


eLROY