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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: stockboy who wrote (8050)6/7/1999 10:26:00 AM
From: Rande Is  Read Replies (1) | Respond to of 57584
 
Stockboy, Need to discuss this on Fishing thread. . . but quickly, dilution of common when preferred converts at the end of the year is a factor we considered carefully back in February when deciding to position PLCO/PLCOP. Part of the trade was as a swing into the website opening any time now. Most are holding free shares anyway. And conversion is at the end of year. I certainly would not want to be holding ONLY common, but a combination with pfd. . . by doing so the effects of dilution are greatly eliminated, due to the potential profits from the 6 to 1 premium on pfds.

Please reply on Fishing thread.

Rande Is