SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : WCOM
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Doug who wrote (8792)6/19/2001 12:54:27 PM
From: Oeconomicus  Read Replies (1) of 11568
 
Arbs will only close positions if the spread is too small to justify holding 'til the deal closes. Those that hold will receive WCOM stock with which to cover their short positions. No buying or selling involved. That said, I haven't checked the current spread.

As for the sell-off, all I can think of to attribute is the current simplistic view that anything in communications with debt is bad. Too many investors can't distinguish prudent from imprudent use of debt. Then again, they couldn't distinguish fluff from real businesses a year and a half ago either (and overpaid for both), so why should today's conventional wisdom surprise us?

The reception of WCOM in the debt markets recently is a real positive, IMO. This is a great buying opportunity.

Regards,
Bob
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News