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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (7449)	3/8/2000 9:29:00 PM
From: A.L. Reagan	Read Replies (1) \| Respond to of 10852

Arbitrage question. What would be the pros and cons of taking an equal $$ position short GSTRF and long LOR? (If it is true that the market value of LOR's interest in Globalstar is about equal to LOR's total market cap.) If this might have made sense say a month ago, would this explain the last 30 days at all? Would this essentially eliminate the Globalstar "risk" from owning LOR until G* gets better sorted out? (at which point one would presumably close the short.) P.S. gdichaz - the best part was the caller who directly took on the ML guy and got him to admit that no, he hadn't actually confirmed any of the facts in his report with the company.