Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (5466)	3/24/1998 6:04:00 PM
From: gaohong xie gary Xie	Read Replies (1) of 18691

Dr. Villa: I have a question for you. Sometimes I see statements like this: "The preferred stocks will be convertible to company's common stock" Does it mean it is immediately convertible or there is some time limits (there is no specific mentioning of the time). The reason for the question is many of mentioned stocks in this thread goes up while having convertible offered or have secondary offering, recent ones are BFIT, SEPH, USWB, TWLB. If more shares coming, why it is going up if without MM's manipulation. Is it legal for MM doing such things ? What do you think of oil stocks after today's drop, could they come back ? Many thanks. Gary

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