Post by
impega on Feb 14, 2013 10:46am
ARBS
If the arbs aren't buying and/or they are demanding a large spread they see a significant risk that BEP's bid at $2.60 will fail. Why aren't you buying more shares Modgil and tendering what you buy to help BEP out. You did say it is low risk.
Comment by
oilpeak on Feb 14, 2013 10:52am
It is so low risk that Modgil is willing to risk $239,000 to make $21,000.
Comment by
impega on Feb 14, 2013 10:55am
Maybe he believes BEP will up their offer to $2.80 and he will make $41,000.
Comment by
oilpeak on Feb 14, 2013 11:01am
Either way his risk:reward is 1:1 at best. Either he's a newbie or he's playing with OPM and doesn't care.