Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

I noticed that you might be looking to put on the GG/GLG spread again, but this time in reverse.
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Hi ml,
I really can't because I'm still long some GG in all accounts.
Were I not, the fact that I would be liable for the GG dividend (now being paid 6X yearly)coupled with the unknown period of time that would be required for the pendulum to swing in my favor makes it unappealing to me. I'll just wait for GLG to come back to near par or, hopefully, trade at a premium.

That it went to a premium of 1.65 is something that may not be seen for a long time. It beat the old 'record' in the same manner Bob Beamon's longjump absolutely creamed the old World Record in 1968 Mexico City.