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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Mad2 who wrote (13066)4/4/1999 1:37:00 PM
From: d. alexander  Read Replies (2) of 27722
 
takes the focus off of what should be discussed and that is when to bail out.

As S.K. mentions in Message 8136571

MALL peaked on Nov. 27th, 6 days before UBID began trading with an intraday high of 63 and a close of 51.25.

Further, on Dec. 7, the day before UBID started trading the DJ headlines reported that shares of MALL had fallen 40% in the last 2 days (to about 23, but they went lower than that- the bottom Dec 11 was 18 1/8!*) as investors apparently short trying to capitalize on an arbitrage opportunity..
This doesn't bear on next week, but for future reference could someone please explain how this (arbitrage play) works as it will probably get played over again with NAVR. Thank you. d.alexander

* BTW it then went back to 60, so where to bail indeed.
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