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Strategies & Market Trends : Arbitrage Plays
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To: Wallace Rivers who wrote (173)2/13/2000 11:01:00 AM
From: Jason Flora  Read Replies (2) of 376
 
STRX - final terms should be announced next week. According to PR on 2/2 price will be between $7.50 & $8.50 instead of the original $10.50. Closed Friday at just over 6. Kbro analyst upgraded from accumulate to buy at the end of the day Friday. He seems to think that there is a chance the final price MAY be above the $7.5-$8.5 range due to recent strength in WAXS stock price and he expects the final terms to be announced next week. I will point out, however, that he, the Kbro analyst, has not had a good track record with STRX in the past.
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