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Technology Stocks : Lucent Technologies (LU)
LU 2.495+0.2%12:27 PM EST
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To: LWolf who wrote (1556)3/10/1998 9:21:00 AM
From: Rob L.  Read Replies (2) of 21876
 
Laura,

Hihger probability of stocks that split going up is not true. Look at Iomega. It split at around 28-38 to 14-15 and now it is at 9. Look at compaq, splitting at 70 to 35. Now it's at 25. Look at JBIL, it split at 140, now it's at 39 (post split). If you bought IOM at the split price of 14, you now have a 35% loss on that purchase. If you averaged up on compaq, your new share purchase at 35 would be sitting with a nearly 30% loss. If you bought JBIL at the post-split price of 70, you have a loss of over 40% on that purchase. So stock splits are not always an easy way to make money.

High priced stocks move just as fast if not faster than lower priced stocks. Merck moving from 98 to 130 in a matter of weeks. Look at dell moving from 113 to over 140 in a matter of about 2 weeks. Also, look at microsoft moving from 140 to 170 in a very short period. I think you need to look at the company rather than the stock price. Don;t get hung up on stock splits. They are nice because now you have twice as many shares, but it means nothing in terms of value or future direction of the stock price. Good companies that consistently produce solid earnings will always rise in value (and eventually split).
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