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Technology Stocks : Quarterdeck: Making a Striking Comeback!
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To: Michael Roberts who wrote (2525)3/30/1998 7:37:00 PM
From: Jesse Livermore  Read Replies (5) of 3307
 
Conversions come in at the average of the lowest three days in the 22 trading days preceding conversion. Selling into strength is to be expected. It keeps the price low allowing more common to be sold at a profit. If we average $2 from March 1, 1998 we have to absorb around 15,000,000 shares I think. With good volume like today that won't be hard. If earnings come in good the demand will outweigh the supply. If, as Greico says, the converters can only do 12% per month then we might see less than 15,000,000 dilution and a quicker exhaustion of the sell supply. Good earnings will tip the supply and demand balance into the bull arena.
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