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ALU - Alcatel-Lucent
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[QUOTE]Originally posted by The Bigfoot: [QB] Wanted to see it trade for an hour before I admitted that the 2.30 broke. Yeah, major support between the 2.15-2.20 and a lot of buying interest anytime she gets near 2.25. I would be surprised if we saw a trade below our current low of 2.24. Last time ALU bounce off a resistance line she traded 150 Million shares in the range of 2.57-2.20. Since then we traded around 150 Million before this current 3 day drop with buys over sells approximately two to one. Excluding external factors stock sentiment is unchanged (some new worries of an economic slowdown should be taken into account but that is market-wide in all markets so shouldn't be used comparative to other securities.) Sentiment does not need to add weight to bear or bull. Average sell off for this security rounds about 90 Million before regrowth. We have traded a little over 60 Million so far and are in a positive trend trading within the range of the previous sell off. I would say about 10-15Million more shares will be distributed before we regain the growth pattern unless a large owner liquidates. With an almost certain positive earnings due in a month (Genesys sale) and news regarding lightradio rollout expected within the next quarter I don't see that as likely. [/QB][/QUOTE]
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