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Strategies & Market Trends : Banned.......Replies to the A@P thread.
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To: Smiling Bob who wrote (3527)4/19/2005 2:30:40 PM
From: Janice Shell  Read Replies (1) of 5425
 
We know that the convertibles are usually shorted against overseas. The death spiral is no mystery. So a major, and potentially highly profitable, short position in pennies that have used convertibles likely exists.

Sure. One thing I'd certainly like to see is a law prohibiting convertibles; floorless converts at least. But remember: only the company can issue junk bonds of this kind. Remember as well that convertibles are just about the only absolutely risk-free investment one can make. So the people shorting against them don't need "bashers". They don't need to do anything but short the stock and wait. One way or another, they'll make money.
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