Revised buy price: Lucent Technologies Inc.

dots Posted on November 2, 2005 , filed under Stocks | Print This Post

LU, Lucent Technologies Inc. hasn’t worked out as I expected it too. LU has dropped on weaker than expected 3rd quarter earnings. I look at the drop as an opportunity to build my position in the company. I will purchase an additional 4000 shares of LU if the stock meets my revised target buy price.

Stock Symbol: LU, Lucent Technologies Inc.

Intelligent Investor Strength: 8
Chart Strength: 5
Speculation and Greed Strength: 10

RawGreed Strength Rating: 8.25

Target Buy Price: $2.55-$2.65
Target Sell price: $4.50-$5 within 6-12 months, $5-6 1-2 years.

*Disclaimer: I own 8000 shares of LU purchased at an average price of $2.96.

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