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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (4110)	9/25/1998 1:00:00 PM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 11051

>>Good time to BUY them.<< on the ex-dividend day... Why? If the market is efficient you dont have much to arbitrage against. Except, if "all the short-term dividend players sell"... Aha DJ

To: MonsieurGonzo who wrote (4110)	9/25/1998 7:33:00 PM
From: Gersh Avery	Respond to of 11051

Steve Re:"if you short 'em, then YOU gotta pay the 8.5% dividend" Wondered about that after I got out the door for work. So then .. if you are gonna buy these then you almost have to get them on ex-dividend day. Then it's kinda like you've made a three month CD at the bank, except that there is no FDIC. You could close out this CD any time that you would like and get the up to date partial interest. This is provided that no event takes place that causes the underlying principle to drop... Of course, the underlying principle could go up also. Is this dividend set in stone .. ??? An exit for this one would be tough. All in all .. not sexy enough for my tastes .. I'd probably make money on them<g>. Gersh Edit .. just read your post to DJ .. I see your ~exit.