TLAB info? Message Board

STOCKTALK

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 : TLAB info?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul A who wrote (3787)	9/14/1998 9:52:00 PM
From: Beltropolis Boy	of 7342

Heres my take... The arbs got burnt in a royal fashion on both tlab and cien. amen! praise the lord and pass the mescaline. we all deserve a drink. what a long strange trip it's been. ----- U.S. OPTIONS/Ciena active as merger plans canceled 09/14/98 7:48PM CHICAGO, Sept 14 (Reuters) - Trading in Ciena Corp. and Tellabs Inc. options was brisk Monday after the two telecommunications companies canceled plans for their $4.7 billion merger pact. The news left arbitrageurs in a panic, scrambling to unwind positions as shares in both companies tumbled. "There are arbs who lost four years of profit on that (Ciena/Tellabs) deal. They're are just inside out on this one," a trader said. Implied volatility on the options eased on the belief that the worst is now over, options analysts said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next