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

To: Bridge Player who wrote (20986)10/18/2002 10:28:16 AM
From: DiB  Respond to of 21876
 
Well, this was expected, but still a bummer. I thought that they don't have to address this right away, but apparently they do... They certainly don't have to go with this if LU's price stabilizes above $1, right?

One positive thing about the reverse split for the shareholder is that it brings back the possibility of playing LU's options...



To: Bridge Player who wrote (20986)10/18/2002 10:30:11 AM
From: Jay Brandes  Read Replies (1) | Respond to of 21876
 
Might as well make it a 100:1 reverse, to get to 25 a share. Of course, the smart short term play will be to short the he!! out of it the day it does this, as it is nearly certain that as soon as the short sellers can make good money off of it again, it will drop from 25 to 8 or 10 a share.
If this thing ever does manage to survive it will have a heck of a lever for fast stock growth. That seems a big if at the moment...


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