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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (5194)3/30/2009 9:01:25 AM
From: RockyBalboa  Respond to of 6370
 
The TWX stub trades far below its recent price considering $2.18 in TWC spinout value (0.083 * 26.32)

A negative piece on the planned Abu Dhabi investment in TWXs studios tanked the stock; it is trading at 17.5 off 25% of its adjusted closing price.

Given the general malaise on the markets and the confusion, it might be possible to pick up TWX stock very cheaply.

Error in constructing bearish bets. Now I can no longer borrow FAZ (I could until a few moments ago). So I end up buying FAS to partially hedge derivative SKF & FAZ bets. My bad (there was little to do else: a bet involving short FAZ options and long the underlying would automatically lose money from the drift).



To: RockyBalboa who wrote (5194)3/30/2009 1:43:05 PM
From: ggersh  Respond to of 6370
 
I beg to differ, they are looking at RW getting canned. They can't stand Govt. intervention unless they profit from it!

GL w/ Faz


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