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Strategies & Market Trends : Floorless Preferred Stock/Debenture
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To: TH who wrote (434)6/5/1999 9:26:00 AM
From: Mama Bear  Read Replies (1) of 1438
 
"The short profit is just not there"

Thurston, there is just as much profit available shorting a stock at 1 1/2 as shorting it at 150. If I short 1000 shares at 150 and the company goes bankrupt I make $150,000. If I short 100,000 shares at 1 1/2 and the stock goes to 0 I make $150,000. The risk is higher with a stock that is at 1 1/2 because it is a lot easier to double or triple suddenly coming off a low base. But a convert holder with a look back clause doesn't have that risk.

Barb
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