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DewDiligence

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DewDiligence

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Re: DewDiligence post# 154401

Friday, 12/21/2012 12:34:03 PM

Friday, December 21, 2012 12:34:03 PM

Post# of 257253
Good news/bad news re ABT/ABBV when issued shares:

Good news: At E*Trade, I get a free carry on the ABT.WI purchase until the “real” shares of the new ABT begin trading on 1/2/13; i.e. my account has not been debited for this purchase.

Bad news: I can’t short ABBV.WI (effectively selling the ABBV I will receive from the split-up) because there are no shares available for borrowing.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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