Where will AWE open Monday on NYSE

Quote from thetraderprofit:

"Reduce your size to a piitance or go to Vegas"



Dude, I LIVE in Vegas already.

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ROFLMAO

That is the funniest thing I have seen on ET this year.

:D :D :D :D nitro :D :D :D :D
 
This is what I mean by rumor. You're speculating against speculation in a take-over stock over a weekend.... Not necessarily guaranteed losses but not the best odds in my opinion. Nonethless if 50,000$ is no big deal (although I consider losing a months earnings on 1 trade a big deal), then so be it. My main point is the minute you threw your plan out the window and refused to take the loss, you began gambling. If this is the way you make the big $ and don't blow out, by all means continue :).

I do hope you get out of this with minimal damage.

Goodluck,

Quote from thetraderprofit:

Well, it's out.
Vodaphone may offer up to 34 billion for AWE That's a lttle over $12.50
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B.

Why 34000? The deal was at 1.32. That would have put you at 33000, not 34000?

nitro :confused:

Quote from thetraderprofit:

Primarily, trading size at the opening in big arb deals.

For instance I bought 25000 ONE Friday and sold short 34000 JPM.

I unwould it for maybe 10-15 cts profit. It wasn't clear it was a "do" at the opening, but I had some little hints I won't share that gave me some confidence to do size. This works best on a triple witching because the opening print is usually large enough to handle the size.

This isn't available every day. And now that I have no bullets I can only do it if one of the stocks is going to be up.

I remember when PFE bought Pharmacia, I did 40,000 Pharmacia on the opening one day and made $1 by selling the ratio in PFE. But, I had to use bullets to sell the PFE. I wouldn't be able to do that today.

I also start trading at 4am PST. I once bought 4,000 Pharmacia (see I can't even remember the symbol) $4 below the market on Instinet. There was 14,000 offered. Of course I then immediately started wondering what was wrong with the deal. The stock opened up and nobody challeged the trade.
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