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


To: MeDroogies who wrote (93611)11/6/2001 4:30:56 PM
From: rrufff  Read Replies (2) | Respond to of 97611
 
Opened up my own little hedge position by shorting HWP and going long CPQ (had some long CPQ post merger anyway.) Felt the move today was overdone. Even if deal is off, I felt that HWP would have more uncertainty and CPQ has gotten totally killed.

OTOH, if deal is ON, then the spread will go back to a more normal arb spread.

As an entity, CPQ is priced as if it were GTW and bound for Ch. 11 or close.