Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.620

+2.7%

1:04 PM EST

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To: Anonymous who wrote (20983)	10/18/2002 12:38:10 PM
From: Anonymous	Read Replies (3) of 21876

Yesterday I posted - "Thursday (10/17/02) Lucent's closing price was 75c making the 30 day closing average equal to 99.37c which is under a buck. Let's see how long it takes before we see someone in officialdom say something concerning this." It didn't even take 24 hours. And I certainly don't like the fact that they will be seeking a reverse split. At the almost current price of 75c a share then a $15 price would mean 1 share for every 20 and if they really wanted to get to $25 per share would mean 1 share for every 33.33 shares. The guy who posted earlier that the shorts will bang the heck out of it then is correct. It wouldn't take long for the stock to be sitting at $10 which in todays terms would mean a share price of what? ... $10/20=50c or $10/33.33=30c .... how's my math?

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