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Technology Stocks : Pure Atria Corp(PASW) and Rational(RATL) Merger
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To: kech who wrote (57)4/14/1997 6:11:00 PM
From: david decamp   of 147
 
Exactly on the incorrect rumor thing...

And that is why I think RATL is going up, because the MMs are stirring up false hopes that the deal won't go through, and that RATL
should magically rise back to the 23-24 level. So why not sell
RATL short to the public? RATL then comes out and says the
deal WILL go through, and falls back to 13 or so. PASW rises to
.9 of the lower price, MM covers the RATL short, sells PASW
at a 30-40% gain, and makes out both ways. Easy money.

Of course, I do agree that if RATL simply cancels the deal, or
PASW for that matter (although why PASW would is beyond me),
then PASW will likely drop even further. But remember, it is already
down over 50% based on their bad earnings preannouncement, and
at 8 I think it is still oversold. So, I'm in at 8 5/8, have a stop in
in the 7's, and am patiently waiting for something to happen.

Who knows?

Dave
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