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Hi Tony
<br>To say that every stock will surge back to its original value, after
a split, is a wishful fantasy.
<br>If they would always do that, there would be no risk in trading speculation.
<p>Given good company earnings growth, and strong market momentum, a run
up to the original price often happens. The answer: Satisfy
yourself that earnings will continue to accelerate.
<p>FLEX may have a double top (60 min chart) on 7/17 & 7/25, with light
support at 76. She is currently going down with the rest of the boats.
<br>Good luck,
<br>LPetersen
<br>San Juan Capistrano, CA
<br>_________
<p>Tony Smallwood wrote:
<blockquote TYPE=CITE><style></style>
<font face="Verdana">Greetings</font> <font face="Verdana">Could
some one please help with an opinion on this only slightly off topic matter.</font> <font face="Verdana">Last
week I bought Flextronics (FLEX) at US$77 and had intended to sell at around
$83/84 after the results were announced.</font> <font face="Verdana">After
close yesterday FLEX announced an excellent profit result and a two for
one share split.</font> <font face="Verdana">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?</font> <font face="Verdana">Cheers
from</font>
<br><font face="Verdana">Tony Smallwood</font>
<br><font face="Verdana">Brisbane, Australia</font></blockquote>
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