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

To: John Liu who wrote (493)	6/26/1999 12:50:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 1438

John, VLNC has a "strange floorless", it becomes floorless on July 27, I believe. You got to be careful with this one and use a stop loss at around 8.875 or so, since they may be preparing a "miracle" and if they get a major OEM for their batteries, and if they manage to mass produce these, and if they do not find out some hidden problems after shipment and if they get enough additional money to support sales growth, then they may be on their way to fat country. But as I said, there are too many "ifs" for my taste on the long side, and there is a potential "support" operation just above $6, so the rewards may not be worth the risk on the short side. Zeev