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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: ames who wrote (35748)2/22/2006 1:34:29 AM
From: hubris33  Read Replies (1) | Respond to of 108653
 
Darn! I bought some DEZ today, sold it on a tight stop...never let a winner turn into a loser! LOL!

Congrats to all of the LTB&H types! Oops, guess that is me too, forgot I bought a little last week in the LT account.

Must say that this was a pretty tightly kept secret as the stock showed no signs of such a major development.

H3



To: ames who wrote (35748)2/22/2006 8:49:34 AM
From: hubris33  Read Replies (1) | Respond to of 108653
 
Apparently the Street does not like this deal? AUY selling for 8.50. DEZ shareholders to get 0.6 shares so DEZ value should be 8.50 * 0.6 = $5.10. So far best bid is 4.90 or a 0.20 (~4%) discount. Perhaps there is an arbitrage opening here?

Is there some strategy? Short AUY and replace it with the DEZ shares? Time value of money might make that an interesting play?

H3