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Technology Stocks : Photronics [PLAB]
PLAB 33.73+0.2%Dec 26 9:30 AM EST

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To: The Ox who wrote (397)2/24/2000 7:36:00 PM
From: Artslaw  Read Replies (1) of 424
 
That reminds me--I got tired of buying MASK at lower and lower prices as PLAB went up (increasing the arbitrage) and just closed the whole thing by shorting enough PLAB to offset the MASK. I locked in about a 19% arbitrage. . .Now I just have to wait for settlement, which is supposed to be mid-March according to the conference call (these things always seem to get protracted, though). So, for my sake, everyone please vote for the merger. :)

This was a semi-defensive move, as I feel like the NASDAQ is hankering for a little correction, so thought it'd be nice to have some cash on hand. Famous last words. . .

Steve
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