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Strategies & Market Trends : Arbitrage Plays

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To: Michael Burry who started this subject3/8/2001 6:18:20 PM
From: Mark Davis  Read Replies (1) of 376
 
LOL. Looks like those that took the $2.50 or $3 spread in MCDT/MCDTA are not so happy.

What in blazes is going on here. I figured that at the very least , as the price DROPPED, the spread would close. Lets see, at this rate when MCTD is 4, you'll be able to buy MCDTA for 1/16.

Does this 4 point spread make any economic sense at all? BTW, lesson here is when they look like they're giving money away, they are probable picking your pocket. In the short run anyway.

I actually caught a play with the spread at $2.50 and covered at $3.25, for a decent gain, but who knew it would widen even further.
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