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Technology Stocks : Hyperion Solutions (HYSL) - An Analytical Gorilla?

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To: Dave O. who wrote (61)8/22/1998 9:27:00 AM
From: Trader Dave  Read Replies (1) of 471
 
It was an arbitrage situation. A few of the arbs were getting nervous that the deal wouldn't close when there was now news by 1:00. Therefore they started their short covering.

It won't matter, the combined entity will open up for trading on Monday. But not right at the open.

TD
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