Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Peter C. who wrote (4339)	3/16/1999 4:54:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Peter, thanks for pointing out the risks on the TUNEP arb deal. It is true that you can reach 21.24 going in either direction. . .so the risk is the gamble on which direction it takes and stays. .prior to April 7. And this is all provided T stays above 80, which I am reasonably sure it will, based on charts. If T stays above 80 and if TUNEP stays where it is or goes down, then on Ap 7, it becomes a screaming deal, as 1000.00 worth becomes 21.24 shares of T. If it goes up approaching the value of 21.24 shares of T, it would need to rise to about 17.60 and common [at 1 P for 3 common] would need to go to 5.86 or so. But at 8.50 on preferred, that would put the common at under 2.80 each and I don't think the Inet market [non-arbitrageurs] would allow TUNE to go that low, before buying it up. . .whether or not they realize it becomes T soon. . .which I will be 85 percent of those Inet buyers do NOT know. Just do a full text search on TUNEP to see who has been discussing it. . . .US, and that is about it. So the GAMBLE is, will it go up or down, prior to April 8. I think it will go up, and I think that it has already begun to do so. Just looking over the trading logs shows clearly that the cat is out of the bag. I was hoping some more folks would have called the company to verify our arb conditions.