SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Software Publishing(SPCOD)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: James S. Martindale who wrote (46)12/19/1996 9:42:00 PM
From: IN_GOD_I_TRUST   of 353
 
I'll tell you. This stock is baffling me pre-merger. Tomorrow is the shareholder vote which the COO Mark Leninger of ANMI told me personally would be a slam dunk to go through.

When I saw ANMI dip yesterday to low 5's it started to make sense. I figured that market was expecting ANMI to be around the low 4's on merger date of December 27. This made the 1-1 1/8 range make sense on SPCO. After all .26805 of 4 is ~1.

However, today the stock bounced back a little to around 5 1/4. It was trading at 5 1/2 range part of the day. Now this does not make sense if the shareholder vote is tomorrow and the expectations are the merger is going through. You would think ANMI would continue to trade lower and SPCO would trade as it was, around 1. But ANMI was going up. Now it's a little, but it was not down. That would lead me to believe the merger was not certain.

The next question I have is if the COO says its a slam dunk, and it is, and ANMI is trading around the 5 1/4 range, you would think SPCO would start trading up to at least the 1 1/4 area. After all .26805 of even 5 is ~1.25. But NO!

I have talked to many people involved in trading circles about this one and we are having a hard time making sense of it. I hold a lot of SPCO and was going to sell ANMI short. After all, SPCO was not going up and ANMI seems to be going down. That would lead me to think market thought all ANMI was worth was around 4 as I stated above. And a little while ago ANMI was up to 6 5/16. This made selling ANMI short make sense.

But I didn't. And I am glad. ANMI stopped going down today. Tomorrow who knows.

Tomorrow should be a big day for SPCO....my advice, watch closely!

Good Luck,
Steve
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News