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Cypress Semiconductor Corporation Message Board

  • sauve9 sauve9 Sep 26, 2008 2:09 PM Flag

    Relative strength disparities - CY&SPWR

    CY shares are getting clobbered, while CY shares are holding up well.
    The SPWR shares are showing more strength than the Post-spin "B" shares

    CY 1:43PM ET 26.07 Down 2.51 Down 8.78%
    CY-WI 1:42PM ET 4.51 Down 0.09 Down 1.96%
    SPWR 1:43PM ET 88.32 Down 6.52 Down 6.87%
    SPWRV 1:42PM ET 78.68 Down 9.18 Down 10.45%

    Does this anticipate that current CY shareholders will dump their SPWR spin shares and keep the CY stub?

    Or do non-CY owners want SPWR, and not CY, and just don't know about the better deal in "when-issued" surrogates?

    I am short SPWR and long CY and long SPWRV and I am most certainly enjoying the narrowing spreads.

    This is good, clean fun.

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CY
10.17+0.150(+1.50%)12:11 PMEDT

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