Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (4527)	7/29/1998 9:58:00 PM
From: H-Man	Respond to of 9440

Just found this one, PSAI, Died today. peeking under the covers and guess what you find, A recent acquisition,(from Choicepoint), where PSAI paid for it with cash and 400k shares of stock and guaranteed a $20 stock price. If Choicepoint sells, they get the difference in cash. Why would Choicepoint not short ? (rhetorical) Shorting and a cover gets profit, then selling what they own gets guaranteed $20. If it went up, cover with the shares they own and profit from the proceeds of the short sale. Wish I could get a deal like that.