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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: John Liu who started this subject7/5/2002 9:21:44 PM
From: Crossy   of 1438
 
To thread -

how does one play the floorless and the ELOC best ? Often the stock initially rises before the holders of the floorless start locking in their primary shorting. As an ordinary investor one could try to find this inflection point and short too.

Then the underlying common drops like a rock -as expected. But ultimately often the common surges from say $0.05 to $0.30 (after having fallen from $20 levels).

Anyone in the know what triggers this "blowoff" specifically and what to do best here ??

rgrds
CROSSY
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