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Non-Tech : Quick & Reilly (BQR)
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To: Stockmate who wrote (20)9/29/1997 1:16:00 PM
From: William L. Oppenheim   of 26
 
I have no idea. Once they announced the buyout, I immediately sold. Got 38.5 and haven't looked back. " Buy on the rumor, sell on the news." There was an article in Barrons or the LA times in which they noted the phenomenon of buy outs actually decreasing in value once the announcement had been made. In this case, it was not a cash buyout, but a stock trade, so the value of the BQR will depend on the perceived value of the acquiring company. I don't understand it, but got in early enough on BQR that a point or two made little difference in the end. Are you going after any other brokerages now that it looks like all of them may be in play.
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