Carefully read the case titled "Strategic Capital Management" and the additional notes (click here) and exhibits in Reading Materials.

Indicate if you would (1) buy Ubid; (2) buy Creative Computers; (3) buy neither; (4) Short-sell one or both; (5) buy one and short-sell the other.

Based on the background story and the numbers presented, choose an action for the hedge fund. Support your proposal with a reasoning based on numbers and/or economic logic, briefly. Make it clear and concise with one pragraph only.

You are allowed to add charts, documents, or audio recording to explain your point, if you wish.