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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (9434)7/12/1999 1:16:00 PM
From: Dale Baker  Read Replies (1) of 57584
 
Rande, a BDE question which addresses a broader issue: everyone who wants to know has learned that the convertible is not floorless. The BDE thread has great lists of all the deals that will start this fall.

But there aren't enough buyers to hold the stock over 6. So what's wrong with this picture? It isn't lack of awareness. Somebody is discounting the current news very sharply.

While others bemoan the fate of the poor shorts, don't forget we know how to manage money, set stops and follow our positions just like longs. In fact, I have ten times as many long positions as shorts. Don't get too carried away with the melodrama.

Thanks.
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