David; Something don't look right going forward Two weeks
ago IPOs went nuts, they must have sucked up all the spare cash.
Today we have the Mobil Exon deal, with MOB being valued at $99
on the swap, and the arbitrage traders are not jumping on !...
They don't have the Money !
The anti trust thing can't be a real problem, ( unless they want
to also block AN & BP, as to block XON & MOB , without stopping
the BP, AN thing decidedly will favor the Power brokers in Europe,
hell that would be big mistake, the local buzz about looking into
xon , mob; with out looking into AN , BP is insane on the part of
the Attorneys, my take on that is they are looking for some
payoff..
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Just the same more than anything MOB not getting a pop , is like
the IPO market just suddenly went dead, money is not as plentiful
as we have been led to believe, and this could be a negative sign.
The spread on the deal is to much to ignore;
yet it's being ignored. Not a good sign.
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Jim |
