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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (5023)5/22/1998 3:33:00 AM
From: Cary C   of 29382
 
>>Another day full or large block activity for FORD (12).<<

This one is driving me crazy. I still can't get over a stock like this with the float it has trading 1 million shares and moving 1/16 either way. The volume has been huge the last couple of days. I would have to agree with you that something must be up.

>>ITSY, how does the merger look? <<

Looks like an arb play to me sergio. A lot like CON and DHI. ITSY shareholders get a conversion rate of .2341 for PRGN stock. It is suppose to close sometime next quarter. Based on PRGN's price today ISTY shareholders would get $4.98. If this is the case we should be able to play a range probably between 4 and 5 5/16 for a couple of months. One thing is for sure, as PRGN goes so will ITSY.

Anybody have any thoughts?

Cary
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