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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: pat mudge who wrote (14118)11/9/2000 10:37:49 AM
From: Joe Giorgianni  Read Replies (1) | Respond to of 24042
 
Why did you buy JDSU and not SDLI? I certainly would have if it weren't for the 30-day wash rules.

I've been meaning to ask - when the merger approval is announced, who will be doing the announcing?

I'm just dying for ANY kind of good news. Not only am I pretty heavily invested in fiber optic stocks but my overall biggest holding is Broadcom. Ouch!

Joe



To: pat mudge who wrote (14118)11/9/2000 2:13:57 PM
From: gbh  Read Replies (1) | Respond to of 24042
 
Pat, why buy SDLI vs. JDSU? Did you really mean "buy SDLI and short JDSU" to capture the spread?

Well, I'm no arb, and even if I was, this deal is not a done deal. Obviously as the deal closing gets closer, SDLI will fall and JDSU will rise (short arbs must cover) to close the current gap.

What am I missing here?