Steven, I thought I commented on HEC's floorless on the floorless thread, here is what I said:
Message 5516540
I am sure that if you go to our thread here around the same time, we can find discussions back and forth on this, on one hand, your humble servitor, the "shill" or short or MM's agent, and on the other, all our friendly bulls.
By the way, if the capitalization is less than $500 MM, the Swiss get a bigger shake, but that quite far away.
My personal opinion is that at these prices (1.75 to $2) HEC is quite a deal right now, but if it goes above $6, the ceiling of the floorlless, we should expect the Swiss to do some shorting against the block. The extent that will influence further advancement above $6 will depend on what is going on in Colombia, of course.
Zeev |