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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (2087)3/23/1998 10:25:00 PM
From: LTK007  Respond to of 29382
 
<but I am totally confused as to what is going on right
now.> me too! Any one who can throw any light on this,please post.max90
P.S.Will say that some one on the Yahoo! thread said he was convinced that somehow the arbs were going to make a killing,but
he just couldn't figure how---does anyne know the latest short positions.



To: Sergio H who wrote (2087)3/23/1998 10:48:00 PM
From: LTK007  Read Replies (1) | Respond to of 29382
 
Sergio,just a guess,but is possible that the arbs are trying to get the price of DHI and CON into a 2.25 to 1 ratio.
A person on the other thread noted a couple weeks ago that there was a discrepancy of 4dollars,that is,if you multiplied the price of DHI
by 2.25 you got a price 4 dollars in excess to CON's price.But he also noted that this gap has been closing,and my calculation today is that
the gap is now just .87cents.max90