AI
Monday, October 10, 2005 6:10:29 PM
OT: Sam..JDSU splitting so institutions can buy...expect LU may also do the same next year as their revs improve.
JDSU: "The company cited the need to attract institutional investors, many of whom are prohibited from buying stocks that trade for just a dollar or two. JDSU shares jumped 17% over five days, clearing $2 for the first time in six months."
Compare to OTC stock NVACE (missed their latest filing) that RS 1:100 last year at 3 cents, now only worth 0.002 in pre-split price. IMO, OTC stocks reverse split just to repeat dilution. Can you show me one that has been different????
JDSU: "The company cited the need to attract institutional investors, many of whom are prohibited from buying stocks that trade for just a dollar or two. JDSU shares jumped 17% over five days, clearing $2 for the first time in six months."
Compare to OTC stock NVACE (missed their latest filing) that RS 1:100 last year at 3 cents, now only worth 0.002 in pre-split price. IMO, OTC stocks reverse split just to repeat dilution. Can you show me one that has been different????
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
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