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Technology Stocks : Creative Computers(MALL)
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To: Kenneth Yeh who wrote (414)11/21/1998 8:17:00 PM
From: RockyBalboa  Read Replies (1) of 1634
 
Tom meant exactly that:

There are 3.2 Mill uBid shares packed into the 4 Mio MALL float.

Mall shares trade as a proxy for uBid - before and after the ipo, while neglecting the influence MALL stub on MALL share price.

Arbs will keep the price ratio between uBID and MALL fairly constant.

There are no official short shares in the 30 day period. However MM's are usually short as well as long during the day and just have to maintain their settlement requirements for the trading day (when carrying a short position they would offend the rules).

Tom thinks, that uBID is much more a deferred spin-off, as WCAP/COOL CCEE/SWRX was in part and DBCC/MKTW will be. Sure, value has been uncovered due to a market valuation of uBID.

uBID can therefore not be compared with eBAY where no shares of a selling company - here with the written indication to distribute and complete the spin-off - were tradeable.

C.
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