Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	5/21/2001 1:55:11 AM
From: rupers	of 6873

MRVC and LMNE - Like to get your read on these two. MRVC (with a recent rise to $ 11.71/share or $ 874 million market cap) just got an IRS ruling that its spin-off of its LMNE holdings (144 million shares) to MRVC shareholders qualifies as a tax-free distribution. The IRS ruling also extended the period for completion of a distribution until the later of (1) twelve months following the IPO of Luminent (IPO occurred Nov 10, 2000) or (2) three months following receipt of the ruling (about May 17th, time of press release). MRVC also owns all of four other telecom-related business units (that haven't gone public yet) and a significant % of several other telecom-related start ups. LMNE had a big jump on Friday to $ 6.03/share, for a $ 940 million market cap. MRVC's 144 million shares (or over 92% of all of LMNE shares) at $ 6.03/share equals $ 868 million (which is well more than MRVC's market cap right now). Seems to me that either MRVC's price has quite a ways more to go up (otherwise you'd be totally discounting the other MRVC holdings), or LMNE's price will plunge soon. What's your take, Michail? Thanks in advance

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