From the High to the Low to the End of the Show...
...on the corner of Bleecker St. resides this italian restaurant whose maitre'd is Indian(Bombay), the seating areas on the left and right that protrude from the main dining area is decorated in an old manner with cheap but relaxing gaudacity, reminds me of hard candies like Braches brand gleaming in the sunlight by a window on a wooden window sill... Mum and I experienced a nostalgia eating alfredo and carbonara as we recognized an old substitute teacher from our high school days up in New England, dining here in the West Village, occasionally eyeing us with timid embarrassment at acknowledgement. Of course, all roads lead to the new Rome... Now to the less important news: As both Lucent and Nortel hit all time bottoms early this year establishing support and languishing for months in the $2-$2.25 range, serious talks of mergers to consolidate the skeleton frame of the hulking yet unproductive networking systems across the globe were touched upon in Barron's weekly, bidding up both telecoms. Every now and then both LU and NT will actually trade with momentum like the tech stocks of old... such was the case today, especially in Lucent which had an upward range of .38 cents on around 170,000,000 in volume in possible buyout rumous(which we've all heard before), however, this time backed with some strong technicals... We expect it was a bit overextended today, although still bullish with a possible retracement to 2.75.
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