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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (2558)	9/3/1998 4:07:00 PM
From: majormember	Respond to of 18998

<Consumer finance company FIRSTPLUS Financial Group (NYSE: FP) leapt $1 5/8 to $11 7/8 after announcing it is beginning discussions with potential acquirers of the company. FIRSTPLUS has hired Bear, Stearns & Co. Inc. and Carpenter & Associates to advise it on its "strategic alternatives." To diversify and grow the business, the company believes it should "seek a partner that provides synergistic financial products and the equity necessary to reduce our dependence on securitizations.> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ PaperChase, You may have your wish.....the above news release yesterday has FP at $11 7/8 + $1 5/8.....What's up?...is it a typo? Anyway....the puts are damn expensive....bought Sept. 20 for 2 1/2 and Sept. 22 1/2 for 3 1/4, then ask jumped to 3 3/4 before filling my final 10 puts. Skane

To: PaperChase who wrote (2558)	9/3/1998 4:14:00 PM
From: RockyBalboa	Read Replies (3) \| Respond to of 18998

FP, GMGC The funny thing is that it was rather difficult to sell FP. I tried it at the very first bid - 26, nope. At 25 3/16 nope. At 24 3/4 when the bid was 25 nothing sold. Finally I gave up. But LBOR performed well, thank you all very much. About GMGC see my posting at Message 5657637 and the comments by Bill Wexler on MSFT and SONY stake. GMGC is not only a dog but a nice trading vehicle for the guys with fingers quick on the lever. LHSG seemed to have disappeared: even no more no comments in germany after the CEO resign but the stock is climbing steadily. Christian