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Technology Stocks : SYTE - Sitestar
SYTE 5.490+0.9%Aug 11 5:00 PM EST
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To: dkgross who wrote (92)12/17/2000 9:32:30 AM
From: Glenn Petersen  Read Replies (1) of 301
 
My pleasure. I forgot to mention that the holders of floorless convertibles often short the stock knowing that they will be able to cover at lower prices. The purchase agreements generally prohibit such activity, but it happens anyway.

Zeev Hed is SI's resident expert on floorless converts:

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