Aeroflex (ARX) Message Board

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Technology Stocks : Aeroflex (ARX)

ARX 12.62

+0.6%

Nov 12 3:59 PM EST

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To: Linda Kaplan who wrote (276)	9/30/1997 3:19:00 PM
From: Kerry Lee	of 586

Linda, 1-2 points in either direction does not affect my actions with this stock since my core position was acquired below $10 . My take is the last 2 days is hedging by bond holders who want to lock in their profits ( conversion price is 5 5/8 ). I'm not an expert on this subject, but it's possible that these bond holders shorted the stock between 10 1/2 - 11 1/2 and plan to cover their positions later by delivering their shares later. Just speculating on the trading action since I have not heard of anything negative on the fundamentals/ Q3 results.

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