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Strategies & Market Trends : Arbitrage Plays

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To: Keith J who wrote (207)3/29/2000 8:07:00 PM
From: debrahaugen  Read Replies (1) of 376
 
Playing COMS long on an aggressive basis with twice as many COMS long as offset position in PALM. Average COMS price position is about 62 and PALM about 53. Will probably increase position in COMS every 3 points down.

May offset future COMS buys with PALM offset (depending upon price, market, intuition etc). Leaning toward bullish bias in COMS (as market declines), but expect to rapidly increase offset PALM position if market rallies (after margin selling subsides) -my expectation - today's rapid decline will cause margin selling next day or two than rally attempt).

Expect to resolve position on distribution of PALM shares, or sooner, if market prices position as I believe appropriate.
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