SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ken Richard who wrote (18369)10/4/1998 1:12:00 AM
From: George Dawson  Read Replies (1) of 29386
 
Ken,

From the ballooning short position and recently announced deals it seems to me that the converted shares are being sold short. Just being short in these conditions has a high degree of risk - in fact most people going short would try to avoid a stock with a large short position. It will be interesting to see the short position for September.

I think another interesting fact from the FAQ is:

"The obvious way to close out any short-against-the-box position is to buy to cover the short position and to sell off the long."

I haven't thought about the numbers long enough yet - but what is the best way to unwind the accumulating short against the box position? To me it would seem you could rapidly cover and go long at precisely the right time, by covering the short with inexpensive converted shares.

Just my best guess - I don't own any preferred shares.

George D.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News