Arbitrage Plays Message Board

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Strategies & Market Trends : Arbitrage Plays

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To: Allen Furlan who wrote (16)	6/24/1999 12:56:00 AM
From: Paul Senior	Read Replies (1) of 376

Allen, I defer to your expertise regarding put selling, etc. Actually, I'll defer to anyone's expertise with puts/calls/offsets to margin, etc. -g-. It's all too complicated for my impatient and unfocused brain to comprehend. In the past couple of days CNSP dropped about 3/8 of a point from 28 1/4 when I posted earlier. That small amount means that the cash return would be 2 1/8 dollars on a stock that sold for 27 7/8. (Buyout is 30.00.) So the percentage became 7.6%. Again figuring about 6 months (and I am just and only guessing about the timeframe, and also assuming the deal actually gets done), that's about 15% annualized. Which is about the best a person deserves who has a brain that only seems capable of the simple stuff. So I started a position in CNSP. Paul

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