Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Anaxagoras who wrote (405)	5/14/1999 11:48:00 AM
From: RockyBalboa	Read Replies (1) of 1438

I read the news and began bidding. If fell so fast that the $1 mentioned there have been easily reached.. for whats it's worth, I took 7/32 home. Sure I saw a higher bid.. but. It seems that COCN wants to go up, me thinks they needed the $1 to have a low hit point for averaging. But no clue how far it goes, the chart implied 1 3/4 or better but when something is brutally sold down, technics may no longer apply? I need some luck in secure, too. They have also a convertible out, which must be kept under 5 for some days - to get it variable instead of fixed. COCN, reminds me on ERGO which traded long time far beyond its cash, only recently it spiked. Detto IMO on secure which has less favorable fundamentals. IS.com

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