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


To: Anonymous who wrote (21294)6/24/2003 12:26:00 AM
From: pass pass  Respond to of 21876
 
a 10:1 or 20:1 reverse split may help psychologically (eom)



To: Anonymous who wrote (21294)6/24/2003 10:47:48 AM
From: Green Receipt  Read Replies (1) | Respond to of 21876
 
In my limited lifetime, reverse splits have always been a bane for the small investor. Typically the small investor ends up with 'less' of everything. and often it seems like after some reverse splitting a company either falls under or something else 'dire'.

Either way the small investor 'loses'.

But on the other hand, the small investor has already been taken to the cleaners, so why not squeeze out what little is left of the person.



To: Anonymous who wrote (21294)6/24/2003 10:11:58 PM
From: Anonymous  Read Replies (3) | Respond to of 21876
 
Just think ... back on May 22 this stock closed at $2.55. I was hoping that it would stay up in the $2.20 to $2.35 range but it wasn't to be. Looks like she's sliding back to another range ... maybe $1.70 to $1.90. There can't be anyone chatting on this thread that is interested in this stock from a truly "long" position.

I have it in my 401K because I'm a retired LUCENT employee. I nibble at it and then sell it, making gains in trying to get back what I've lost. Whatever I pick up on each trade I put into other investments.

I hope I'm smart enough to get out of it before they do a reverse split because this company isn't going anywhere in the next five years.

Like I've written, I only keep my hand in for sentimental reasons, something you should never do, but what the heck, I can't lose much more.