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

To: Gerald Walls who wrote (759)	7/29/1999 10:32:00 AM
From: BDR	Respond to of 1438

<An 8K was filed on July 28 also, but I can't accesses it. > It is on FreeEdgar but consists only of the press release, no details of the convertible. You can access it at the FreeEdgar site, enter LAMR, then view filings. freeedgar.com Or the following very long link might take you there directly: freeedgar.com

To: Gerald Walls who wrote (759)	7/29/1999 10:56:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 1438

Dale, Gerald, I do not think that this one is floorless. It seems that LAMR is getting good money here and the conversion ratio will be determined in the next week or two. If we have a week market, you can expect hedging activities, particularly if the stock moved above the conversion price (which it often does). If that happen (and based on your judgment of that company in general), then there might be a "shorting" opportunity, but I would wait to see if in the next rally the high at $46 is taken out or not. If it is, I would not bother. In general, I think that toward the end of the year, and depending how deep the current "retrenchment" takes us, we will have a relatively strong market, so short with "caution...