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Technology Stocks : KEMET Corp. -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (812)	11/16/2000 6:18:07 PM
From: Ron Harvey	Read Replies (1) \| Respond to of 906

I've had several plays in my IRA (no concern about tax consequences there) with the spread between VSH and KEM. Today, for instance, I sold 5K of KEM at 26 1/8 and bought 4,700 VSH for 27 3/4. I'm betting that over the next week or two the spread expands to 3 or 4 points once more, at which time I'll probably sell VSH and buy back the KEM, scalping (I hope) betwen $7K to $10K. It's hard to imagine VSH not holding its small premium to KEM, so I don't feel I'm taking much risk by temporarily switching horses.