The New QLogic (ANCR) Message Board

STOCKTALK

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 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Greg Hull who wrote (18483)	10/11/1998 3:12:00 AM
From: Eleder2020	Read Replies (1) of 29386

>>> The more they sell short, the lower the conversion price (absent any news), the more shares they will receive, the more shares they can borrow against for another round of shorting, which causes an even lower conversion price, ad nauseum. <<< IM(very)HO If anybody out there has any questions about how this is done don't think about it as shorting in the traditional sense or as shorting at all. The whole process is just the mechanics on how the Reg D shareholders introduce millions of newly converted shares into the market. The shorting is just a way for them to lock in price and profits before they convert.I'm being overly simplistic and I hope accurate. I'll stop here as not to muddy my own explanation. If this doesn't make sense Keep taking aspirin until an OEM announcement. Ed

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next