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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (755)	12/29/2006 1:44:55 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 3862

I was wondering the same some time ago. To me it was like parking some excess money into blind pools. If you asked me what is really thrilling - it is the stalinist, totally collusive behavior of the funds having invested into the SPACS. This is the result of investors having decided about the fate of a planned aquisition well in advance, and because they do so, they can trade against outside investors with a decent information advantage: The terminal price of the warrants - be it one, or zero...