America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: IKM who wrote (5814)	11/12/1997 10:29:00 AM
From: vegetarian	Read Replies (3) of 13594

Yeah, but the conversion price of $104 does not provide any buy side protection. So here you could short it and if it runs up over your short sell price which is below 104 you are still screwed because converting will not help you, it will just limit your shortside losses to $104 buying price which is not much of a consolation at this point, one could achieve better protection with closer OOM puts. Think again!

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