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Strategies & Market Trends : Arbitrage Plays -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (362)	6/5/2003 12:24:51 PM
From: Paul Senior	Respond to of 376

Since neither side has announced what "conditions" remain, we're in the dark. If it's financing, rates are more attractive, I assume, since April when the deal was announced. If it's terms that are the hang-up, they've had months to resolve the issues, so it's scary to me that that might not yet be done. Earlier I went to the California Investment Fund website and it seemed they have done several deals successfully. I tried to recheck again this am, but the website that I see must be different - I don't find any helpful information. It looks now like they're geared to the very small, individual entrepreneur. OTOH, they've apparently got different subsidiaries or sections, so maybe I'm on the wrong website. I considered adding yesterday but the absolute dollars didn't appeal: I got stuck because I couldn't mentally get over having to put up $9.92 for 8c. Even if the annualized yield might be okay. And today, given that the stock is moving down - when I believe it should be going up - I'm frozen with indecision - so I won't be adding more.

To: Wallace Rivers who wrote (362)	6/11/2003 11:51:46 AM
From: Paul Senior	Read Replies (2) \| Respond to of 376

I'm perplexed about NSI. We have got to be close to closing the deal (I am assuming), yet the stock bounces up and down. It's almost a week since your post, and the stock is now again bid @ 9.90, same price as then. I sold my position yesterday near highs. It's just not worth it to me to continue holding out for a few pennies more & the saving of a commission. Especially when the closing and the stock behavior seem so different from what I'm used to seeing. Paul Senior