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Politics : High Tolerance Plasticity
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To: jim_p who wrote (3232)4/12/2001 9:43:59 AM
From: Tommaso  Read Replies (2) of 23153
 
Thanks, Jim. To me, that can only mean a squeeze next fall that will be worse than last year. Makes me glad to be very heavily into natural gas and moderately optimistic that I can just sit on my positions for a year or two.

BTW, I still don't understand the failure of SMOP to climb further--and especially for anyone who wanted to take the trouble to buy, exercise the options, and exchange the stock for PEX stock, it looks like a probable way to double one's money in a matter of weeks. I just can't take time to liquidate other holdings and get all the paperwork done fast enough to take advantage of this--but I am astonished that no one else seems to be interested either. It looks like an arb's dream to me. But maybe buried in the documentation about this merger there's something I don't understand.
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