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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (93631)11/7/2001 10:30:32 PM
From: Night Writer  Read Replies (1) of 97611
 
El,
Wait until the wind blows the other way next month. The arbs will start slowly building positions again while publicly stating they are not playing the merger. Remember all the articles quoting arbs? The arbs said they would not play the merger because it was too high a risk. The arbs said one thing and did the other. Keep the spread as big as possible. I have to say one thing. Hewlett sure flushed the vipers out into the open.<G>

Diabolical thinking. I wonder if the Hewlett institute unloaded a few shares to the Arbs. Maybe the Packard folks decide to vote their 10% for the merger. Then the Hewletts can buy the shares back cheaper when the Arbs start shorting again. Hmmm, with consultants on both sides, they could do it. Are the kids playing the arbs?

NW
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