The Microcap Speculator

In a normal environment, I would play the Zi Corp. (Nasdaq:ZICA) arbitrage trade out until the end.  Gun-to-head, I still believe that Nuance Communications (Nasdaq:NUAN) will boost its offer and close the deal.

That said, we are nowhere near a normal environment.  This turbulent market is no place for arbitrageurs.  Too many things can and do go wrong.  There is probably money to be made here, but I’m out.

DISCLOSURE: No position.