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Technology Stocks : JDS Uniphase (JDSU)
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To: pat mudge who wrote (14118)11/9/2000 2:13:57 PM
From: gbh  Read Replies (1) of 24042
 
Pat, why buy SDLI vs. JDSU? Did you really mean "buy SDLI and short JDSU" to capture the spread?

Well, I'm no arb, and even if I was, this deal is not a done deal. Obviously as the deal closing gets closer, SDLI will fall and JDSU will rise (short arbs must cover) to close the current gap.

What am I missing here?
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