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Tony:
Years ago, it used to be true that post split shares sold for more; that was
the incentive for the split; making an attempt to persuade the public that
the share was more affordable, and pacify the owners with multiplied share
holdings.
There was evidence at the time of success in expanding the number of
shareholders.
MR
----- Original Message -----
From: "Al Taglavore" <altag@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, July 27, 2000 1:43 AM
Subject: Re: Flextronics
> From http://www.bloomberg.com/bbn/updn.html?s=AOX9hHBZJVS5TLiBF
>
> "Flextronics International Ltd. (FLEX): The contract manufacturer of
> electronics equipment said it will split its stock 2-for-1. Flextronics
> fell 3 15/16 to 79 7/8. It rose as high as 82 3/8 in after-hours trading."
>
> Al Taglavore
>
>
> ----------
> From: Tony Smallwood <chips@xxxxxxxxx>
> To: Metastock List <metastock@xxxxxxxxxxxxx>
> Subject: Flextronics
> Date: Wednesday, July 26, 2000 8:11 PM
>
> Greetings
>
> Could some one please help with an opinion on this only slightly off topic
> matter.
>
> Last week I bought Flextronics (FLEX) at US$77 and had intended to sell at
> around $83/84 after the results were announced.
>
> After close yesterday FLEX announced an excellent profit result and a two
> for one share split.
>
> Question ..... Do US stocks prices (all other things being equal) usually
> surge ahead after a split so that two new shares exceed the price of one
> old share?
>
> Cheers from
> Tony Smallwood
> Brisbane, Australia
>
>
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