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Strategies & Market Trends : Rande Is . . . HOME

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To: redwood who wrote (25981)	5/16/2000 10:09:00 PM
From: baddtiming	Read Replies (1) of 57584

LCOS deal: If you buy LCOS you are guarnteed $97.50 unless TRRA falls below 20% of close value monday. basically if TRRA goes down 20% exactly you will get 2.1 shares of TRRA for every one share of LCOS you own. IF TRRA goes up 20% you will only get 1.4 shares of LCOS, within that 40% swing you will get how ever many shares add up to $97.50. Problem comes if TRRA goes below 20% the max you will get will still be 2.1 shares. EX: TRRA drops to 30 you get $63 per share. Still think this is a great play and should creep up as long as the deal is solid. Buffington would be proud.

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