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Strategies & Market Trends : Charts for Quick CASH $$$

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To: Galirayo who wrote (4865)	11/3/1997 11:56:00 PM
From: John Metcalf	Read Replies (1) of 9262

{ SQNA } on 11/3/97 STO Stock was up on merger news with Arris to create AxyS. The new entity will have 28.8mm shares out, strong collaborations with Merck, Parke-Davis and others, about 1/3 of market cap in cash, and deep wide-ranging technology from genomics through state of the art chemistry. More important for day traders, a little arb still remains. Buying SQNA below $14.85 gets you a share of the new company cheaper than buying ARRS (one SQNA = 1.35 Arris). ARRS was already undervalued in itself. Strong FA to go with TA.

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