Asyst Technologies (ASYT) Good Value/Where is the Bottom? Message Board

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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom?

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To: WebDrone who wrote (2044)	7/2/2001 2:39:51 AM
From: James Calladine	Read Replies (1) of 2313

Did I hear you right? You asked if I remembered the MRVC convertible......? Premier Kruschev asked: "Does the shrimp whistle?" Yes, and in principle the ASYT convertible should offer the same delights for the PURCHASER. Of course you don't have to buy the bond. You can just buy in the market now or somewhere in the vicinity and ride the shares up to the point where the shorting starts in earnest. Then, when it seems it couldn't go any further you sell your shares, and also short a slug at the same time. Then you ride it down till it seriously looks like it has come to an end and you cover. Of course it is simpler to describe than to do. In the case of ASYT, it should work the same devastating way as it has in the case of MRVC. The float for ASYT shows 30.2 million as opposed to 58.7 million for MRVC. Of course if you buy the convertible, you get interest. Congratulations on the calls! No, that car was not me! Namaste! Jim

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