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Strategies & Market Trends : Moufassa's Lair
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To: DebtBomb who wrote (2955)12/18/2001 1:03:54 PM
From: Joe Smith  Read Replies (1) of 13660
 
Convertibles look popular right now. They are the opposite of a buy-back and show that the company and the brokerage firm sponsoring the offering think that the price is right. Kind of the opposite of a buy-back. Also, the stock tends to fly before a convertible as the brokerage does its job at getting a good price.
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