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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (9225)	4/23/2000 2:39:00 PM
From: goldsheet	Respond to of 82169

> Bob : Re ASA v AU arbitrage. Looks to me that now's the time. On January 18th, the AU/ASA ratio was near its high (1.52) when I suggested shorting 200 AU (28.625) and going long 300 ASA (18.875). The AU short would have made you almost $2000, with a loss of $1000 on ASA, for a net arbitrage profit of $1000. The ratio is now at the low end of its range, therefore no arbitrage opportunity. REF: Message 12606729 I really like my January 30th post even better: Message 12725474 "I was really trying to support my previous "hunch" that AU was really a SELL near $US29. It probably isn't a compelling buy until it get closer to $US20" Looks like I called the exact top, and we are now at the $20 objective I set - better put some money where my mouth is and buy some AU !