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

To: Zeev Hed who wrote (781)	8/5/1999 12:16:00 PM
From: Gerald Walls	Respond to of 1438

trenzich, so it seems. Just protect your profits with a mental stop loss at $5.5 or so. This one is 50% down from the time we suggested it. As I said, shorting floorless is like shooting fish in a barrel. When I looked at UOLP to short I was concerned about the very erratic, sometimes non-existent volume. At least Yahoo has reported daily volumes as low as 300 shares one day. You could get creamed quickly with volumes like that. AND is fighting cracking 5 right now, but it looks like it's getting ready go through anyway. Last: 5 Bid: 5 Ask: 5 1/4 High: 5 1/2 Low: 5 Vol: 54,700