Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (939)	1/18/1998 3:59:00 PM
From: Alan Lee	of 18691

This deal (ISCO) exchange2000.com sounds like a floorless convertible, at least it says in this post it was at 101% of market price. I haven't looked into it any further. << We need to find them in that small window between announcement and crash, usually a couple of weeks. >> The stock was about 9 at the time, is now at 1 3/8 or thereabouts. I think it took a month or so for it to fall most of the way. It's all over now, but it is a case that might be worth adding to your historical database of stocks, under "how to screw the shareholders with a convertible and make money for shorts". P.S. Here's a news article about the convertible: biz.yahoo.com

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