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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper

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To: Dave Bissett who wrote (1072)5/27/1998 12:16:00 PM
From: George Burdell  Read Replies (3) of 4142
 
To all: On the P - make it real simple.

Short 20 shares of MIDL at 1.25 for a total of $25.

Buy 1 share of P at $25.

Maybe you get the dividend, maybe you don't.

Cover the 20 shares of MIDL in October.

Hold the other 15 shares of MIDL and the dividend until the stock splits 200 to 1 and trades for more than Berkshire Hathaway, or at whatever other price seems attractive.

GB

Not really suggesting that you short the stock, but hey, a no brainer is a no brainer. Only on SI would October be considered 'long term.'
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