Thursday, October 27, 2005

Lucent... ouch

There was an article in the business section today about how things aren’t looking good for Lucent, and sure enough, I just checked E*Trade and it is down by more than 7% just today! It’s still up by more than 50% from when I bought, but the long term view isn’t looking very pretty. Still, I don’t think I’ll bother to sell. I could make about $180 in capital gains right now, but even in the worst-case scenario, I’d only lose $338, so I think I’ll just sit tight and see what happens.
(The weird thing is that just yesterday Fitch raised Lucent's rating from a B to BB-minus, saying "the outlook is stable.")

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