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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 221.51-0.3%Jan 16 9:30 AM EST
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To: Zeev Hed who wrote (8619)8/28/2000 6:02:05 PM
From: Tom Simpson  Read Replies (1) of 9256
 
PS....
We should also note 24 million short interest doesn't necessarily mean squeeze time. You have some 200 million in converts (some 45 million shares if converted at 4.51 as I recall). If I held those bonds today I could short stock at 8, immediately bagging the full gain and my capital and continue to collect the 10% coupon on the bond until due in stock or cash depending. LK once explained it more clearly using APM as the example.

Best......Tom
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