Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Gerald Walls who wrote (759)	7/29/1999 10:56:00 AM
From: Zeev Hed	Read Replies (1) of 1438

Dale, Gerald, I do not think that this one is floorless. It seems that LAMR is getting good money here and the conversion ratio will be determined in the next week or two. If we have a week market, you can expect hedging activities, particularly if the stock moved above the conversion price (which it often does). If that happen (and based on your judgment of that company in general), then there might be a "shorting" opportunity, but I would wait to see if in the next rally the high at $46 is taken out or not. If it is, I would not bother. In general, I think that toward the end of the year, and depending how deep the current "retrenchment" takes us, we will have a relatively strong market, so short with "caution...

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