Lucent Technologies (LU) Message Board

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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: EL KABONG!!! who wrote (21185)	3/3/2003 11:18:14 AM
From: GVTucker	of 21876

Kerry, RE: So they do the reverse split, right? Bring the price up to somewhere near or about $15? Now what happens? If I'm one of the entities receiving equity to replace my debt, you can darn well bet I'm going to immediately short those newly minted shares, because if I don't, I'm taking on higher risk than I had with the debt. At least with a short, I've locked in a known profit/loss before any damage can happen to my "newly found" capital. First of all, the number of small investors making up total short interest of just about any stock is so small that it can be ignored. Secondly, almost all of that convertible issue is owned by arb hedge funds, who long ago shorted the requisite shares related to the convert.

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