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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: Susan Saline who wrote (20403)8/20/1999 2:58:00 PM
From: LastShadow  Read Replies (2) | Respond to of 43080
 
Just got a call from my broker.

Apparently a Canadian firm is tendering an offer for 6.5 million shares of FUSE at 7 (right now its 6.53125 x 6.52625 - so figure 50 cents over present price). To make a long story short, they wanted to know if I wanted to sell my shares (have a few of them I picked up in early July). The offer goes through on Aug 24th if they have enough shares to cover. Now FUSE is worth about 7, but it had popped to 9 in April. Personally I am going to see if the buyoutrumor drives the price up a bit and reduces the float, and may or may not sell after I do some DD on the company doing the buyout (Biovale).

But hey, I figured someone might want to make a grand in a few days on a couple thousand shares.

lastshadow



To: Susan Saline who wrote (20403)8/20/1999 3:40:00 PM
From: BarbaraT  Read Replies (1) | Respond to of 43080
 
AGIL ... have a feeling this can do similar to Morgan Stanley's last 2 successes ... RHAT and ARBA. Has all the makings of another run on Monday. Similar pattern.



To: Susan Saline who wrote (20403)8/23/1999 10:29:00 PM
From: BoNg-N-BoNg  Read Replies (2) | Respond to of 43080
 
OSX stocks to watch for this week and also tomorrow is API report after the closed as usual..

FGI/HLX - I'm expecting a bounce here at its short term trendline support ..

HAL - forming a triangle, I'll wait for an upside breakout before entering...

just a thought..
eL..

Sue: are u still in vacation?? if u got a chance, can u look at CMGI chart? I don't like how it's trading lately and being a laggard compared to its peers.. AOL at 98-99.. should CMGI should be at 88-89 at this time too??

TIA