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


To: Imran who wrote (11156)7/5/2002 8:27:56 AM
From: JimieA  Read Replies (2) | Respond to of 11568
 
MCITE should be trading a bit above WCOME since the following is expected to occur soon.

Per WCOM press release:
"On July 12, 2002, each outstanding share of MCI group common stock will be converted into 1.3594 shares of WorldCom group common stock"

Also, when (or if) WCOM files for bankruptcy then MCIT also is bankrupt. It is the same corporation, just trades as a tracking stock. It exists only on paper.



To: Imran who wrote (11156)7/5/2002 11:41:08 AM
From: 10K a day  Read Replies (1) | Respond to of 11568
 
I would think you could arbitrage the penny junk...LOL