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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Michael T Currie who wrote (35907)5/21/1999 9:36:00 AM
From: jlib  Read Replies (1) of 122087
 
<EDFY> It is trading 2 1/2 points off the 3 to 1 buyout ratio with SONE. There is an interesting pure arbitrage play here if someone is well funded. That is long EDFY and short 1/3 SONE. I am foregoing the short part of the equation having hit EDFY short 7 separate times (all profitable) in the last week. I figure that justifies any downside exposure. I closed my last short position yesterday and went long at 14 and 13 1/2.

Best,
Jimmy Liberato
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