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Home > General > The Cantina > ummm, what?

ummm, what?

 
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Aske
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ummm, what?
« on: March 03, 2008, 08:23:57 AM »
http://finance.google.com...SE:DBD&source=finance
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gleek
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Re: ummm, what?
« Reply #1 on: March 03, 2008, 08:29:46 AM »
Takeover announcement apparently. UTX is probably preparing for the post-Bush era by expanding further into non-defense-related sectors.
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Aske
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Re: ummm, what?
« Reply #2 on: March 03, 2008, 08:34:35 AM »
Quote from: gleek on March 03, 2008, 08:29:46 AM
Takeover announcement apparently. UTX is probably preparing for the post-Bush era by expanding further into non-defense-related sectors.




oops, missed that part.   

wow, still though, buying in at 39.xx to sell off at 40 ?  must be nice to have enough cash to play those games.
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
gleek
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Re: ummm, what?
« Reply #3 on: March 03, 2008, 08:46:00 AM »
Quote from: Aske on March 03, 2008, 08:34:35 AM
Quote from: gleek on March 03, 2008, 08:29:46 AM
Takeover announcement apparently. UTX is probably preparing for the post-Bush era by expanding further into non-defense-related sectors.




oops, missed that part.   

wow, still though, buying in at 39.xx to sell off at 40 ?  must be nice to have enough cash to play those games.

Some hedge funds will simultaneously buy the stock of the company being acquired AND sell short the stock of the acquirer to lock-in the profit on the price difference.
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Aske
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Re: ummm, what?
« Reply #4 on: March 03, 2008, 08:51:01 AM »
Quote from: gleek on March 03, 2008, 08:46:00 AM

Some hedge funds will simultaneously buy the stock of the company being acquired AND sell short the stock of the acquirer to lock-in the profit on the price difference.

yeh.  Sad Angry Angry Angry
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
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