Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Oral Roberts who wrote (53871)	9/25/2000 11:49:27 PM
From: Junkyardawg	Read Replies (1) of 63513

You know, I tend to get more and more bullish when I see the shit that the bears stoop to. CSCO announced after the bell that they felt comfortable with forecast. Duh there is one short rumor out the window. Someone posted a rumor on an "unnamed" site that ADI was going to do a convertible debt offering of $1Billion. ADI fell over $7 after hours on almost no volume. I swear I was watching it and it was trading at 89 5/8 and 500 shares later it was trading at $85! My gawd what the shit was that and then 500 shares later it was $84. A couple thousand shares later it was $83. Remember, ADI traded over 3 million shares today and they took the stock down over 10% on almost no volume. Oh, by the way...you don't do a convertible debt offering for a company that has $1.6Billion in cash and almost no debt. duuuuuhhhh When bears have to resort to this kind of tactic to improve their positions they must be nervous. Time to load up for me. dawg

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