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


To: Mark Palmberg who wrote (7092)4/7/1999 10:27:00 AM
From: freeus  Read Replies (2) | Respond to of 21876
 
People are so funny.
A couple of months ago, when Lu was having trouble holding on to 100 a friend asked me for some stock recommendations. I said high risk high mover AOL, medium risk medium-high mover DELL, no risk moderate mover LU.
She looked at the price and said "Oh $100 stock". I said "Its really a $120 stock just not right now." She waited. Yesterday she bought some at 63 and said "I got it at 63" I said "It split".She said "Well I wait for those" I said "But if you bought it at 100 a couple of months ago you would actually have it at 50 now and be up almost 15%".
People are odd but now I know why stocks go up around split time. And this is an intelligent educated business savvy woman!
Freeus