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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (39329)6/27/1999 6:07:00 PM
From: capitalistbeatnik  Read Replies (1) of 122087
 
Time again for a HLTH short:

From Barrons this weekend, Abelson:

MSFT hopes to end up with a 17.2 percent stake in Healtheon after the merger and will have a seat on the board. However, our colleague Bill Alpert reports it current ownership interest in WEb MD translates into a larger position than that and larger apparently than it wants. As a result, it has been seeking to sell the equivalent of 1.8 million shares to trim its stake to the desired size.

None of this is terribly exceptional. What is exceptional though is Bill has discovered, the price MSFT is asking for the block: $52 a share ...or a cool 35% below last Friday's close.

BTW good call last week on LOCK.
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