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Technology Stocks : Creative Computers(MALL)
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To: Daniel P. Dwyer who wrote (1166)12/7/1998 2:49:00 PM
From: Tom Hua  Read Replies (1) of 1634
 
Dan, the confusion and uncertainty on the distribution date are putting pressure on MALL. I don't know when MALL will announce the date of record, but probably won't be soon. We have a situation that's just as interesting as before the IPO when unrealistic expectations helped push MALL into the 60s. When the 30 days comes around, people who are buying MALL now will be shorting UBID. In addition, other people will be shorting UBID and buying MALL simultaneously to play the arbitrage game. So there'll be buying in MALL and selling in UBID which will result in narrowing the discount gap. Selling/shorting MALL now is equivalent to selling/shorting UBID at $20 in 30 days, a risky effort IMO.

Regards,

Tom
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