Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: jim_p who wrote (82499)	12/22/2000 4:27:55 PM
From: Razorbak	Read Replies (1) of 95453

SMOP'in Up Jim, thanks again for the tip several months back. I tried to buy some shares about a week ago just north of 3, but got a little greedy trying to buy at the bid, and my day order expired unfilled. Nevertheless, I was still able to establish a nice position this afternoon post-announcement. Good thing I was watching when ldo posted the news! <g> I still find it hard to believe that it only closed at $4. That's an 18% arbitrage spread post-announcement. I suspect the pending holiday kept volume low and contributed to the market inefficiency, at least with respect to this particular announcement. Enjoy the Christmas turkey! Razor

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