Arbitrage Plays Message Board

STOCKTALK

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.

Strategies & Market Trends : Arbitrage Plays

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Senior who wrote (364)	6/11/2003 12:47:06 PM
From: Wallace Rivers	Read Replies (1) of 376

I did nothing...tried to purchase at 9.85 about a week ago, unsuccessfully, for the arb. You're right, this thing should be trading virtually at par with the deal price with < 1 week 'til cash in the bank. No chatter on the boards, the deal is probably done, and the cash will be deposited within a week. If one acquires at 9.92, the annualized return would be about 33%, assuming the cash is in the bank in a week. I'm not willing to put that money at risk for less than a 1% absolute return. Trading is probably just folks trading out, and locking in profits.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next