Tuesday, October 20, 2009

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:

  1. ehOctober 20, 2009 at 2:53 PM

    Thanks for rubbing it in.

    ReplyDelete
  2. CPOctober 20, 2009 at 5:30 PM

    It was available at IB today.

    ReplyDelete
  3. ehOctober 21, 2009 at 12:42 AM

    Thanks for rubbing it in even more.

    ReplyDelete
  4. CPOctober 21, 2009 at 10:48 AM

    I have been buying the Nov 2.5s still as well.

    ReplyDelete
  5. PDOctober 21, 2009 at 7:40 PM

    if you can find volume... i can't find any either. the shares are registered though.

    ReplyDelete
  6. CPOctober 21, 2009 at 7:55 PM

    I put a big bid out there and once in a while I get a ton of them dumped on me.

    ReplyDelete