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


To: Rajiv who wrote (745)7/20/1999 11:18:00 AM
From: Gerald Walls  Read Replies (2) | Respond to of 1438
 
Read the definition of "Short Sales" in #reply-10158141.

It looks like they're limited to shorting only what they can convert from the debentures. That ain't much of a restriction, considering that the lower the stock drops the more they can convert to.



To: Rajiv who wrote (745)7/20/1999 11:51:00 AM
From: Mark Ivan  Read Replies (1) | Respond to of 1438
 
TMSR- One thing that bothers me. A full 1/4 of the float is already sold short. 2.5MM float, 622K short. Those are June numbers. Scary from a short squeeze perspective.

Mark