Update on Georgia Gulf (GGC) and Olin (OLN) Pair Trade
GGC is now down 23% and OLN down less than 1% since I recommended the pair trade of short GGC and long OLN.
GGC has been falling on higher volume days, although the volume pales in comparison to the number of shares the bond funds would probably like to sell.
There has been no news on GGC - presumably just selling pressure from the new holders is moving the price.
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6 comments:
Thanks for rubbing it in.
It was available at IB today.
Thanks for rubbing it in even more.
I have been buying the Nov 2.5s still as well.
if you can find volume... i can't find any either. the shares are registered though.
I put a big bid out there and once in a while I get a ton of them dumped on me.
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