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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?


To: Steve Fancy who wrote (21010)6/2/2000 3:41:00 PM
From: md1derful  Read Replies (1) | Respond to of 22640
 
HOw would the arbs keep tbh in check...wouldn't tbh be up a lot more if tsp and tsd weren't "dividended" off??? Perhaps they are playing the old rule that a security ex-dividend tends to rise back to the "ex" value fairly rapidly??? Then again this is serious volume today..surely it can't all be short??? Just wondering how specifically the arbs would be exploiting this apparent inefficiency...
doc