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Technology Stocks : UMG - MediaOne Group -- Ignore unavailable to you. Want to Upgrade?

To: bananawind who wrote (881)	8/9/1999 4:32:00 PM
From: Lance Bredvold	Read Replies (2) \| Respond to of 891

Jim, and Tom; I certainly hear you in your suggestion about arbitrage, Jim, though my experience with the QCOM board is that when enough knowledgeable people are pulling together the pro's do not know as much as I do. But that board is a rare exception to the rule I have learned also--there is still no way I can be as quick or smart or inside as the guy who is working the street for a living. As far as pulling up a comparative chart of UMG/T, Tom, I'm bound up in the new SI. Suspect you are using the old version and hope we've not lost the ability to do those comparisons now (come to think of it, I'm pretty sure we haven't since one poster found he was able to do a QQQ/X comparison here that was not possible on SI (old). I suspect you are thinking of a different arbitrage than I though--two graph lines for T & UMG getting closer together would not indicate the spread was closing because of the large cash component to the deal. If I thought about it long enough, I could describe in words what would have to happen in such a chart in order for the arb to be tightening (something like the two price lines would have to be getting closer together faster than the average was moving away from $85) but, unless you are really interested, I'm not going to the trouble. I know what I am doing, but as Jim points out, chances are, not as well as a pro. Thank you both for your responses. Lance