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Technology Stocks : SDL, Inc. [Nasdaq: SDLI]
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To: pat mudge who wrote (994)3/17/2000 5:32:00 PM
From: Guy Gordon  Read Replies (1) of 3951
 
It could have nothing to do with SDLI.

The arb's are playing JDSU against ETEK. In the three days previous, the premium for ETEK has increased from 4% to 19%. Today it came down again to 12%. That means they are buying ETEK and shorting JDSU again.

I have no idea if this is enough to account for the difference between SDLI and JDSU today. OTOH, it may not even need an explanation.
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