Well communicated......
I'd just add that, as we've seen before with ETEK shares, OCLI shares, etc, closing out the positions (ie, JDSU short) is problematic. Typically, some/much of that new JDSU stock (which is now in the hands of old SDLI owners.....)gets dumped, further depressing JDSU stock.
Then...trying to cover around all the arbs (does the mouse/stampeding elephant analogy makes sense here?), can make you think you've experience CAT (Clear Air Turbulence) while flying.
I'm not belittling a 380 share short JDSU position, but why bother for 6.7%, and the risk? Take a MM position for 6.22 % with your money, for NO RISK, NO COMMISSIONS, and NO ELEPHANTS. Below are Fidelity Cash (MM) funds:
___________________
Fund Name FUND # Symbol 7-Day Yield %
Cash Reserves 55 FDRXX 6.22 6.41 12/29/2000
FDIT 31 FDTXX 6.21 6.40 12/29/2000
FMMT:Retirement Govt MM 631 FGMXX 6.19 6.38 12/29/2000
FMMT:Retirement MM 630 FRTXX 6.37 6.58 12/29/2000
Spartan Money Market 454 SPRXX 6.27 6.46 12/29/2000
Spartan US Govt. MM 458 SPAXX 6.13 6.32 12/29/2000
Spartan US Treasury MM 415 FDLXX 5.87 6.04 12/29/2000
U.S. Government Reserves 50 FGRXX 6.15 6.34 12/29/2000 |
