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Technology Stocks : 3DFX
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To: Maverick who wrote (9962)1/1/1999 10:34:00 AM
From: joel3  Read Replies (2) of 16960
 
BTW, how do you explain the low correlation between STBI & TDFX price ? It'll be interesting to hear from you. I remember you sold TDFX and bought STBI instead. When do you think the 2 prices will correlate and any caveats ?

I believe that some traders are playing the spread. That is they bought STBI and sold TDFX. Yesterday, the spread dipped low enough for some traders to get out of their position with a quick and tidy profit.

Joel
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