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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: jim bowman who wrote (32296)	4/26/1999 2:51:00 PM
From: kathyh	Respond to of 90042

my first time too, jim... i am already out, used some of the proceeds for coms... since i was expecting 28... anyhting more was icing as far as i am concerned... <ggg> good luck!!! kathy :)

To: jim bowman who wrote (32296)	4/26/1999 2:57:00 PM
From: who cares?	Respond to of 90042

No. The price should never get to $35 until the shares are tendered. Reason. There's always risk, albeit very tiny. The deal could come unravelled anytime until the final t is crossed and I dotted. The gap might come down slightly as the time value drops, or it could widen if the market tanks and their are suddenly better places to have the money. Their could be another buyout that looks to be an even better risk/reward arb play draining money from this one, or another arb play could finalize freeing money to put in this one and shrink the gap.