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Technology Stocks : Metromedia International Group (MMG) Looking for Opinions
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To: TheSlowLane who wrote (117)3/5/1998 10:46:00 PM
From: wally  Read Replies (1) of 353
 
Hi Paul: I don't know who bought the 400m, but the trade
was part of an arbitrage with the converts. About 100m
converts traded at the same time. Thus, the seller was
most likely shorting. I think a lot of this was going on
today. The converts traded north of 300m.
The story is not out yet on this stock. It should become a
teenager very soon. Have a good night!
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