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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Alex Greenland who wrote (1282)1/23/1998 6:27:00 AM
From: Ploni   of 18691
 
Alex,

That is indeed a confusing mess. I haven't had breakfast yet, so I'm not conscious enough to decipher it. (Of course, I don't know if breakfast would help, in this case.) When a company pulls a common stock offering, and instead offers convertible securities in a confusing offshore transaction, I would classify this as "a bad thing" for the common shareholders.

However, I note that HYBN is trading at $2/share, and in the U.S., I believe only market makers can initiate new short positions on stocks that are below 5.

So this may be of more interest to investors in Canada, who I believe can short without such price limitations.
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