Arbitrage Plays Message Board

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Strategies & Market Trends : Arbitrage Plays

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To: Allen Furlan who wrote (196)	3/7/2000 8:27:00 PM
From: Paul Senior	Read Replies (1) of 376

Oops, losing my confidence in some of these arb. plays. Reducing positions in NVX (taking losses), USW (gains), MMI (gains). NVX is too dependent on British gov't approval of a vaccine. (I should have sold earlier when this was mentioned here to me - but the fear didn't get to me until recently); USW I can't figure, I know I can't figure it, and maybe nobody else can either - 10 point swings in the stock in recent days -- too much happening for me for it being an arbitrage play. I've reduced the position, taken profits and am stepping aside for a while. Lot of gov't approval still required I believe - I'll have another chance to buy more maybe if things settle down; MMI shareholder vote soon, but not all gov't approvals are complete. My position is too big for my britches. Reducing the position. Paul

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