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Technology Stocks : KEMET Corp.

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To: Ron Harvey who wrote (852)12/23/2000 1:37:30 PM
From: Ron Harvey  Read Replies (1) of 906
 
Fiddling Dept.

After I just said that I wouldn't attempt a spread trade with KEM/VSH again, the market gives me the raspberries. Thursday VSH was about a point lower than KEM on several occasions and yesterday it was a point higher, for a neat one-day potential profit of two points. Ah me! Anyway, I did sell 3,300 KEM yesterday and bought 3,300 AVX at a 1/4 point premium. (Hoped for the usual 5K but AVX began moving up too soon on me.) I'm betting that AVX goes to at least a 1 1/4 point premium, at which point I'll switch back.
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