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Politics : Ask Michael Burke

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To: don ryndak who wrote (59478)5/16/1999 11:58:00 AM
From: Knighty Tin  Read Replies (1) of 132070
 
Don, I have been disappointed with the fundamental lack of progress at Midway during a period that was gangbusters for every other game maker. I have dumped them and am not paying alimony. <g> I love their franchise, but something rotten is going on that I don't understand.

144As are issues that do not require listing and full blown underwriting as they are only sold to private buyers. It is almost like a venture capital operation. An individual who is not playing with $25 million or more will probably never see a quote on one. Cos have started doing this because institutions were their buyers, anyway, and they could sweeten the pot by eliminating the fees. The 144As have virtually killed the convertible market. There are very few tradable converts lately, and even they are grabbed up so fast that they are essentially untradeable for most. The only way to play them is with a fund.

Illiterate's Business Daily has a listing of all tradeable converts, but they don't have the symbols. You can sometimes get convertible preferreds by putting a - after the stock symbol, but this doesn't work all that often.

I get convertible bond symbols by calling a broker or the co. It is funny how many levels you have to go through to find it at the co.
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