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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (7810)	7/22/1999 3:02:00 PM
From: sjemmeri	Respond to of 78476

CSE: from thestreet.com Among individual issues, Case (CSE:NYSE) call options rebounded Thursday after a rumor circulated the previous trading session that arbitragers were afraid its $55-a-share buyout by New Holland (NH:NYSE) wouldn't go through. Late Wednesday, Case shares fell to 44 1/2, down 2 15/16, and the August 45 and September 45 call prices collapsed. August 45 calls fell 1 1/4 ($125) to 1 3/4 ($175) and September 45 calls fell 1 11/16 ($168.75) to 2 7/16 ($243.75). By Thursday, however, those prices had rebounded to 2 1/2 ($250) and 3 3/8 ($337.50) respectively. The farm equipment company's stock price was back up 2 3/8 to 46 1/8. "I think there were some inexperienced traders in the market," says Paul Foster with 1010WallStreet.com in Chicago. "Ultimately, we believe the deal with go through."