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Non-Tech : General Electric (GE) -- Ignore unavailable to you. Want to Upgrade?


To: Michael & B.Anne who wrote (1503)10/23/2000 10:24:42 AM
From: Gerald Walls  Respond to of 3256
 
(IMO .. we will see) GE will open much higher tomorrow ... I would not be surprised to see up 5 points on the open. I mean, who is gonna put in a sell order.

GE says it will add $0.10/share earnings in the first year (before charges), but as you can see there's been lots of selling this morning. Anytime you have a large buyout occurring at a premium the acquirer will drop due to arbitraging. Buy 1000 HON and short 1055 GE to lock in the premium difference.