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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.12+1.6%Dec 23 3:59 PM EST

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To: Circle who wrote (37496)1/28/1999 7:38:00 PM
From: GST  Read Replies (2) of 164684
 
Circle -- Lets say you are right, and the most profitable play on the converts is to buy them, short the stock and write calls. Lets also say that the market knew pretty quick that they can sell these things -- which suggests they are not exactly playing the retail market.

Which big players would buy in? Which ones cannot because of restrictions on the games they can play? Are these converts tailor made for hedge funds? (The thought of players leveraged ten to one buying these converts to play them as you suggest brings a smile to my lips just because it is so nasty).
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