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

To: KM who wrote (49887)	8/23/2000 5:20:28 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 63513

Not sure....Between $51/52, there does seem to be a lot of selling...don't know about the shorting...Pretty obvious though that the buying comes in strong right below $50 now. Message 14255443 Message 14255364

To: KM who wrote (49887)	8/23/2000 10:24:32 PM
From: Logain Ablar	Respond to of 63513

Hi Truff: CMRC is acquiring APNT. Deal was announced late June. It still hasn't closed so there is some arbitrage until the deal closes. Tim

To: KM who wrote (49887)	8/23/2000 10:25:59 PM
From: Junkyardawg	Read Replies (1) \| Respond to of 63513

My opinion is that there is a lot of arbitrage going on with CMRC due to the APNT buy out. I hope that when the deal is finalized the short interest in CMRC will diminish. The deal is supposed to be done in 60 to 90 days which should be around Sept. I would think that the MM's know there is a huge arbitrage position in the stock and as the deal gets closer to being done they would recognize the short interest. dawg