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

To: Zeev Hed who wrote (663)	7/10/1999 9:07:00 PM
From: tdl4138	Read Replies (1) \| Respond to of 1438

Gentleman, Some of you know me...I've been around SI for quite awhile now...and I trade actively...long and short... quite successfully.Have gotten to the point that I don't post that much anymore...there are just too many idiots now on SI.... After reading the past 70-80 posts...you've all failed to realize something. The "victims" of the floorless are the stockholders who have yet to be burned... Plain and simple. Sooner or later...just about every trader I have ever met admits to having been caught up in one. My personal favorite...as Zeev knows was EXSO. I caught on in time to make a serious penny or two on that one...Point being I learned to play the game.Try as you will to educate...people like Mr.Sirk...are married to their stock...not just to their spouses. And only after a true death spiral...will they get a divorce. (I guess sometimes they might have 2 divorces) I've tried numerous times to caution people about floorless debentures. I don't think its ever been appreciated.Bottom line is these individuals keep buying and I keep shorting...I'll take their money. Currently shorting the heck out of UOLP... Just my thoughts Dave