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Technology Stocks : JDS Uniphase (JDSU)

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To: Kent Rattey who started this subject12/29/2000 4:45:12 PM
From: Harry Soin  Read Replies (2) of 24042
 
Arbittrage opportunity :

I heard this at briefing.com

I am new to shorting stocks and hence would greately appretiate suggestions from senior members (experienced rather) of this board.
Sell 380 shares of JDSU short
Buy 100 Shares of SDLI with proceeds = 6.7 % instant profit.

I am already long with a big position in JDSU (400 Shares).

I need this long weekend to think long and hard why would I not take this opportunity not to take this 6.7 % return

I understand there is risk deal might not close but risk as they say is very small.

Any feedback suggestions will be greately appretiated.

Waiting.

Harry Soin
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