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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?


To: Anonymous who wrote (20869)9/28/2002 12:01:39 AM
From: Jesica Dawnet  Read Replies (1) | Respond to of 21876
 
You forget though.
Even if it does a reverse split (not for another few weeks at the least), and let say we consider the worst case. The worst case would be that it does a 10:1 and it becomes $7.70 (using current price, however the price could be $8, $9, or $9.8, etc.), and then goes down several more dollars. It will NOT go below a dollar, and most likely will go UP. However, if it does go down because of extremely large pressure, then it would only be a couple of dollars.
In any case, the point is that if it does go down, the stock will come back up, and will go above the price it was set to at the split. This would happen shortly after any such downward occurrence.
Just find some past company reverse splits that have similar financials as LU, and review their historical.



To: Anonymous who wrote (20869)9/30/2002 11:26:57 PM
From: Anonymous  Read Replies (2) | Respond to of 21876
 
Been watching the following stocks since March 23, 2000, a day I picked since it looked like that was almost the high for these stocks. Been 2 1/2 years now and things are still going down. The closings price is listed and the percent of how far each stock has fallen since that day back in March of 2000 is shown.

IBM @ 58.31 (-49.4%), GE @ 24.65 (-53.8%), MSFT @ 43.74 (-60.9%), NOK @ 13.25 (-75.9%), QCOM @ 27.62 (-80.8%), ORCL @ 7.86 (-81.9%), MOT @ 10.18 (-81.2%), AOL @ 11.70 (-83.5%), CSCO @ 10.48 (-86.5%), SUNW @ 2.59 (-94.7%), YHOO @ 9.57 (-95%), JDSU @ 1.95 (-98.6%), LU @ 0.76 (-98.8%), NT @ 0.54 (-99.2).

Nuff said.