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Technology Stocks : Quarterdeck: Making a Striking Comeback!

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To: Linch who wrote (1795)11/21/1997 8:56:00 AM
From: Jesse Livermore   of 3307
 
The convertible crowd surely would like a low price through March because they get more common. Now, if we buy the conspiracy theory and they shorted the heck out of QDEK, they will use the common to cover iimediately or sell to drive lower and then cover. However, if there is not a powerful cartel behind this and the price starts to run away from them they get less common at conversion, can't drive the price down and will have to cover at higher prices the longer they wait. This story can be tweaked to the bull and bear side. I agree with Linch that at these levels there is an opportunity long term. Pick up a load at $2 and wait. With the slew of new products from a cash strapped company we can expect much better things now that they have a cash flow and good management. Go long QDEK and short Cybermedia for a straddle.
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