Nothing magic about the $5 or $10 share price - it's the market cap that people should look at. Since many stocks split a few times between '98 and '00 lots of companies just have too many shares to look at $10 as an important level.
I think all these major large cap companies with share prices below $5 (JDSU, SUNW, LU, NT, PALM, ADCT, CIEN, AGRA, GLW, VIGN, BVSN, AMCC, VTSS, etc.) should do a 1 for 5 reverse like AT&T is doing just for psychological reasons. It just doesn't feel the same when you get a 15% move up in a stock, from $1.00 to $1.15!
Elroy
Meanwhile, who can explain why Sun has lowered their operating losses and increased revenues in each quarter since last September, and is expected to show higher revenues and a profit this quarter, and yet the shares have been going down since last year instead of up? Sun's prospects now must be better than they were last December, wouldn't you say? |
