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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (2378)	8/25/1998 12:00:00 PM
From: coug	Read Replies (1) \| Respond to of 44573

Scott, I have a little tick counter that is basically neutral now.. Yesterday it was mostly minus with my other stuff moving up so I looked for a up move. and it worked.. Now my other stuff is overbot, I am flat BTW.. Today I am looking for up on the tick counter. and it stays positive awhile.. no real up on the futures and my other stuff stays overbot and weakening.. then I will short when the tick counter heads down.. In other words I am looking to short..

To: SE who wrote (2378)	8/25/1998 12:01:00 PM
From: Nemer	Read Replies (1) \| Respond to of 44573

Scott: Here is a short term position trade I initated this morning --- I posted in on the Z but thought you might be interested ...... I know how much TT, Pat, and you love postion trading ---- MTC (Monsanto) is close to closing out it's merger with DLP (Delta PineLand) ---- AHP (American Home Products) is in the process of merging with MTC ----- within the past 2 days MTC has seen a fairly good pop in stock price up of 6 bucks due to FDA agreement to put a Cox 2 arthritis med on fast track approval ---- meaning that subject to FDA approval Celebra could hit the pharmacy shelf early 1999 AHP price has followed suit, due to it's potential merger with MTC ------ since the announcement of AHP/MTC these two are up a respective 19+% and 13+% ------ DLP has failed to follow as rapidly and here are the figures for the proposed merger with MTC ---- 1) --- merger happens before AHP/MTC merger ---- .8625 shares of MTC for each share of DLP 2) ---- merger happens after AHP/MTC merger ---- .99125 shares of the new AHP/MTC company based on DLP current price of 49 this makes the following situation --- MTC is selling currently at 63.25 1) buying MTC for about than 54 1/2 2) buying AHP/MTC for about 57.5 I've already done it ....... A similar message was posted early this morning on the MTC thread while I was on the phone with my broker but the figures are/have changed ----- ....... the entire situation depends upon both mergers taking place but it has a good deal of merit in my eyes .... for a position trade .... short term ... Regards ---- Nemer