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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: Gary Korn who wrote (4902)9/7/1998 4:45:00 AM
From: BMcV  Read Replies (1) of 8358
 
>>You can still buy CS at less than 6 3/4. NETVA closed yesterday at just below 4.
As 1 share of NETVA = .6154 shares of CS on about 9/25, buying NETVA at 4 is
like buying CS at a price of about 6 1/2.<<

Hi Gary

You're still hanging around this dark scary place?

You're right, of course, but NETVA is no longer a marginable purchase in my account (I can margin stocks purchased above 5 even if they drop as low as 3). So I'm holding my NETVA but have been buying CS.

What an incredible market. Things that looked good in early summer (ATML at 14, PAIR at 14, CS at 14) have fallen another 50%.

Looks like your arbitrage position was indeed the right choice. I was sure you were missing out on a good thing. Now maybe is the time to bite?

good luck, Bruce
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