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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: HG who wrote (21369)	3/3/2000 11:16:00 AM
From: The Phoenix	Read Replies (1) \| Respond to of 63513

HG, If you read the text of the distribution languange COMS is not required nor have they guaranteed a distribution. They reserve the right to alter the rules - so yes, there is disbelief. The day that EB or COMS BOD announces a distrbution for real COMS will move closer to a 1:1.5 distribtion with a reasonable amount of arbitrage. I think between the lose wording around the distribution and a belief that PALM will continue to slide is why COMS is trading where it is. I mean.. look - today the gap is narrowing already. PALM down 12, COMS up 4... still a long way to go but investors will buy COMS as PALM settles - so long at PALM settles above ... say $55-$60 (leaving room for arbitrage). OG