Thursday, November 12, 2009

What I'm Doing

With Georgia Gulf (GGC) down almost 10% today, I covered a bit more of my short that remained after taking off most of the GGC/OLN pair trade.

I suspect GGC will stabilize in the $10-15 range. If that is the case, the company should issue stock and de-leverage by buying up the remaining notes.

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