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Technology Stocks : Cymer (CYMI)
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To: MRothaus1 who wrote (15549)3/6/1998 6:24:00 PM
From: Elroy Jetson  Read Replies (1) of 25960
 
Why don't stocks under $5 do reverse-splits? The results are usually ugly. THe reverse of the psychological boost stocks get from splits.

There are times when companies are forced to do a reverse-split to maintain their exchange listing. You'll see a stock selling for 3 1/2 do a 4 for 1 reverse split and sell down 20% to 10 1/2.

At 3 1/2 the stock trades partly on its apparent "cheap price", but at $14 it no longer seems cheap and company fundamentals become more important, so down it goes.
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