shorting ado, page-31

All done Jay,

Remember last week when I suggested the strategy for Melua, when oppie was trading around 3.5c? Yep, me & a mate got a bit more than 1m Adoo 3.6c on av las week... expecting the gap to close with the head down, say to 5.6c and the tail up say 4.2c... I reckon head and tail will be trading very close in par by late this week or early next week.

Some converted Ado will be will be available for sale on the market next week also. Either way, we are in the money, and may not have to short head at all for a healthy 20 - 30% gain.. Well, no brain, no pain no gain they said...

Good luck..