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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: wlheatmoon who wrote (16617)1/21/1999 1:47:00 PM
From: Mama Bear  Read Replies (2) of 86076
 
"Didn't ATHM just offerred to buy XCIT for around 115/share?"

ATHM offered 1.04 shares for each XCIT share. That made XCIT worth 115 per that day, but 98.80 now (95 x 1.04). The sell off in XCIT seems to be tracking the sell off in ATHM today. Both are down about 14%. XCIT stock is now a derivative of ATHM stock. Yes, you could lock in the difference shorting 104 ATHM and going long 100 XCIT. Check the results from TLAB and CIEN in August to gauge your worst case downside risk.

Barb
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