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Gold/Mining/Energy : Harken Energy Corporation (HEC)

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To: Zeev Hed who wrote (3257)7/16/1998 12:07:00 PM
From: Soren  Read Replies (1) of 5504
 
I did not know you invented this useful terminology. Sure it's possible to make money but it is even more difficult than trading a stock in a downward channel without shorting. By the way I forgot to mention an interesting example where floorless has been issued (new generation : prefered stock and floorless convertible series) and the company has not been broken yet, this is IFCI. This is an interesting and smart example. it seems to me that everything depend on their ability to continue external growth rate. If they fail their could be a floorless bomb there.

Soren
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