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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Roger A. Babb who wrote (980)9/29/1999 9:38:00 AM
From: Zeev Hed  Read Replies (2) of 1438
 
Roger, that is absolutely correct, but I do not know if they have hedged their position in or not, it should be visible from the short position. It is also possible that they think the stock is going much higher, trying to assess this would require looking at the company in much greater detail than I have. Right now, I am quite tight on time, so I won't be able to do it. I think you are much better off shorting stock that have broken down, rather than those that are still quite strong. AOL and AMZN, some of your old favorites now look ripe for the shorting sickle.

Zeev

Good luck out there.
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