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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (490)	6/26/1999 12:27:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 1438

Larry, no coincidence at all, but it could be that they are the one providing support at just above their floor so they can take another shorting trip around $8. Riskless shorting, and since they are "at the table" and we are not, they will know when to cover or not. If they see no hope for that "material order", they will then use the full weight of their floorless to bring about a major decline, in which additional shorting gives additional returns, riskless. By the way, the whole idea of discussing floorless situation on the UOLP thread is to give those guys an inkling as to the real danger their investment is in, so just because some of the longs ask us to "withdraw", I am not sure that this is the desire of the lurkers. Zeev Zeev