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

To: Gerald Walls who wrote (755)	7/22/1999 8:31:00 PM
From: Zeev Hed	Respond to of 1438

Gerald, you look at the chart and try and divine where there might develop some buying enthusiasm for the stock, I see no support until about $4 per share. If $4 is broken, you know the bandits mean business and intend to implement a down to earth death spiral (I believe that at $4/share they will be able to double their short position, we started at around $7.5 to $8 on this one, did we not?), then of course, in time you might even see it at sub $1/share. Zeev