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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: max power who wrote (3079)	8/16/1998 2:25:00 PM
From: Gary Korn	Respond to of 7342

Are you shorting TLAB due to a dilution of earnings or shares when CIEN is acquired, taking the price of TLAB lower? I understand the long part of the long/short play but must admit to not fully understanding the short part of the equation. Thomas, I'm hoping that CIEN becomes TLAB, 1:1. At that time, I'll have the same amount of TLAB long (CIEN into TLAB) that I have short (per my short of TLAB). The elimination of the spread is profit. Once I'm long and short TLAB, I would call Fido and tell them to flatten the position, apply the long against the short (no commission required). Gary Korn