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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Bridge Player who wrote (142)2/7/2002 8:30:09 PM
From: Joe Stocks   of 787
 
Lucky,(EMLX) Count me as another that agrees. Your point about the paper they just sold- many times when a company has an new issue or a convertible to sell, the stock price and the public relations ( earnings reports) are fluffed up to make the sale go through. They have to to get the most out of the sale and also these folks are often in a position that they can't let anything upset the sale because they need the money. Usually millions of dollars are at stake for each point. EMLX has the convertible behind them now so the market maker is free to let the price react more to market.

Joe
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