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Technology Stocks : Blank Check IPOs (SPACS)

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To: Carl Worth who wrote (575)8/22/2006 5:46:57 PM
From: eik  Read Replies (2) of 3862
 
<<i'm surprised the "big boys" aren't just shorting the common and buying the warrants>>
Well, 50K block in PGRI was sold @ $7.16 today, 3:49:32PM, and
50K warrants PGRIW bought @ $0.73, 3:50:12PM. Did they read your advice or what? :) Anybody who tried to trade those thinly traded issues knows - it's impossible to trade blocks like this if you are not a "big boy". Every my 2.5K purchase moves the ask price up. It's not that obvious, but I think that other today's blocks of PGRI (25K, 25K, 20K) are also part of arbitrage trade.
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