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>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
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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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