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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?


To: dave turliku who wrote (16473)6/21/1999 10:02:00 PM
From: BocaBroker  Read Replies (1) | Respond to of 21342
 
No Worry , WSTL Being Shorted

Buts its just a riskless arbitrage against recent convertible preferreds yielding 6% and convertible at $6 3/8.

Arbs will sell stock above conversion price to earn yield risk free.

Dont worry, many internet stocks have been in same position and worked thru supply.

One possible problem, convertible was large, $20 million vs. common class A market cap of only about $100 million.

bocaBroker