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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (4737)	12/22/1998 7:54:00 AM
From: Jay Lyons	Respond to of 43080

Always nice when the lurkers make a contribution to the thread. We all learn something. Jay

To: LastShadow who wrote (4737)	12/22/1998 8:29:00 AM
From: Jay Lyons	Read Replies (1) \| Respond to of 43080

From Herb Greenberg in TheStreet.com: There's something happening here, what it is ain't exactly clear: So, here's Creative Computers (MALL:Nasdaq). It spins off nearly 20% of uBid (UBID:Nasdaq), with the promise that it'll spin off the rest (7.3 million shares) six months after the IPO. In theory, then, the two stocks should trade at some sort of spread that doesn't change until the next spinoff occurs. Or so says one of this column's savviest number-crunching sources. According to this source, Creative should be valued, in the very least, at something like 80% of uBbid's market cap divided by Creative's shares outstanding (or about $58) plus $5 for Creative's ongoing biz -- right around the 52-week low for Creative. "Under any circumstance, on any given day, you should be able to get out a calculator and say that if uBid is at 'X' dollars, this is where Creative ought to trade," he says. "Creative's investors own those securities. They're tradable, liquid assets." But you wouldn't know it from the way the two stocks traded yesterday, with uBid rising 31, or 58%, to 84 1/8, while Creative jumped a mere 6 1/2, or 22%, to 35 3/8. "Creative owns 7 million uBid shares that are worth $588 million. These are shares they'll give to everyone, but the market only wants to pay around $310 million for them," based on yesterday's closing price. Why? Our source doesn't have a clue. His only explanation: "It's the insanity of this market. Guys are moving one piece of paper, and not the other. It's the damnedest thing I've ever seen

To: LastShadow who wrote (4737)	12/22/1998 8:53:00 AM
From: AlienTech	Read Replies (2) \| Respond to of 43080

Scott, After all this time I have made a few friends on SI but I can only say thanks to two people, one is kinda weird like me maybe thats why I can understand him and the other is you. <<alien of very few words>><<but I can show you a picture of my glowing schwartz>>

To: LastShadow who wrote (4737)	12/22/1998 6:18:00 PM
From: ViperChick Secret Agent 006.9	Respond to of 43080

OT I have been gone all day having my body pushed and pummeled and poked and just generally worn out by task masters. I came back and was directed by someone to this message and am a little shocked to see that posted here..... All I can say is that my brother and I genuinely thank you for your non-paid help that you gave privately when requested and well....uh....harken back to a private message I sent to you one time when you were starting your joint venture ;-) L. Btw, Slaine - if I had a husband I would let you talk to him but no corvette rides ;-) I am the jealous fiery type, don't you know.