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Investors Title Co. Message Board

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  • pmlljl pmlljl Oct 14, 2008 6:07 PM Flag

    Risk arbitrage

    pj:

    I hope you were not one of the unhappy owners of ENLV.

    Today there was a quote for ITIC of $31.33 by $32. I quickly snuck in a buy order at $31.50, but i didn't get any. I will keep my eye on it. I have GTC limit orders on ANAT at $60 and ORI at $8.00. I am willing to buy ITIC at $32.00 or less. I am hoping for bad quarterly reports to drive these insurers to my buy prices. I am kind of stunned by the volatility in ANAT. The people in Galveston must be shell shocked.

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    • pmlljl,
      I gambled on ENLV and lost! The bear made me do it!

      The bear will not be buying ITIC above $30--unless he changes his mind.

      ANAT: will be standing firm in resolution not to pay over $60.08 for more shares

      ORI: Great minds think alike, whether pmlljl or polar bear. He has been bidding around $8 for ORI recently. He tried $6.10 once but had no luck there.

      "Keep the bids low!" cries the bear.

 
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