SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Global Crossing - GX (formerly GBLX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Teddy who wrote (1036)6/2/1999 12:50:00 AM
From: Lazarus Vekiarides  Read Replies (2) of 15615
 
Hmmm. I smell something funny.

Personally, I'm not quite ready to sell my position just yet. On the other hand, I find it amusing that I can now add to my position @ 47 and tender @ 62. In fact, I also happen to have some out of the money July 55 calls that I could use to do the same thing.

All right... here's my play: I'll tender my entire position at 62, and then buy it back at 55 or at market, whichever is lower. that's at least 7.75/shr in profit.

So are we going to get a tender offer in the mail? How is this thing going to work?

Laz
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News