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Alcatel-Lucent Message Board

  • gadzillionman gadzillionman Jan 24, 2005 7:08 PM Flag

    reverse split not good !!!!!

    I own 50 shares of lu which I have about 1,973 invested,lets assume the board will choose the 1 for 15 ratio this would give me 3 shares plus some cash,the stock would be at 48.00 that would make my cost basis 657.00 instead of 40.buying more shares to offset losses is worse,buy 450 shares for total of 3,400 which would be 33 shares cost basis is now 103.00.POINT with no future split & buying the 450 shares if stock moves up 5.00 I've made 2,500 buying with the split I've made 165.00 because now I only have 33 shares so I believe lucent will have alot of people S.O.L. or hold the stock a LOOOOOOONG TIME<

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