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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Roebear who wrote (58371)1/12/2000 6:49:00 PM
From: enervestor  Read Replies (1) of 95453
 
O/T- An amusing commentary about today's markets and investors:

ETEC Systems (ETEC) is a semi-equipment company that Applied Materials is taking over. ETEK Dynamics (ETEK)is a fiber-optic company trading a considerably higher price than ETEC. On the after-hours ticker, there is a buying frenzy for both companies. People are buying ETEK like mad at $125 even though those buying ETEC for the take-over are only paying $75 for it. Just wonder how much DD is being done here.
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