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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: George Dawson who wrote (18764)	10/23/1998 1:42:00 AM
From: Eleder2020	Read Replies (1) of 29386

>>> It easily explains how there can be large volume spikes with no significant change in the share price and how the average volume per day can essentially double with no significant change in the share price.<<< George-I agree with you that the spikes in volume are due to conversions but the rate of conversion could theoretically happen well in advance of the actual conversion. They could short additional shares(which would account for the increase in short sales) if they wanted to, and pocket the money from the sale of that borrowed stock in advance of the actual conversion. They could use the future conversion as collateral to box their position so in essence they get to convert beforehand and it actually accelerates the process. Well if that isn't enough here is an article on undeclared shortsellers. Never heard of this one before. >> psicop.com << >>Nonexistent stock is sold short. This nonexistand stock increases a company's float.<<< Maybe they should rename Tailwind to Tailspin. Ed

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