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Technology Stocks : Lucent Technologies (LU)

LU 2.575

-0.4%

3:59 PM EST

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To: GVTucker who wrote (18560)	8/3/2001 2:43:44 PM
From: Dave	Read Replies (1) of 21876

GV, RE: buying the convert. and shorting the common Assuming that Lucent shoots up to 20, by doing this, the maximum possible loss is the institution faces is the price where the shares were shorted - the conversion price, am I correct? I assume that the hedge fund will want to have equal long convert. exposure to their short exposure, correct? I guess another thing is that the most the institution can loose is approximately 25% (not including the dividend)...

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