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Technology Stocks : Lucent Technologies (LU)
LU 2.500-0.8%Nov 28 9:30 AM EST
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To: Anonymous who wrote (21134)1/15/2003 1:55:59 PM
From: Anonymous  Read Replies (1) of 21876
 
Lucent's 30 day moving closing trading average dropped below $1.00 on 10/17/02 and stayed below $1.00 for 24 trading days. It's actual closing low of $0.58 was reached on 10/11/02, six days before the 30 day moving average value went below a dollar. After 10/11/02, the stock has been steadily climbing in closing price and the 30 day moving closing average moved back above $1.00 on 11/20/02. It has steadily climbed the last 37 trading days to equal a 30 day average of $1.51 as of yesterday.

If the company felt that the stock price could maintain enough strength to stay at a 30 day moving closing average from now on, then there is no need to do a reverse split.

Reverse splits eventually almost always get watered down as time moves along after the split and not only do you wind up with less #'s of shares but you wind up with less total value as well.

Was all of the above confusing? ;-0
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