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

To: Zeev Hed who wrote (809)	8/7/1999 11:41:00 PM
From: Rajiv	Respond to of 1438

WSTL has managed to get associated with a hot keyword "DSL". This was probably the cause of the near vertical spike earlier this year. The MarketGuide profile (http://yahoo.marketguide.com/mgi/highlights/A0D82.html) shows lousy annual revenue growth What is not unusual is that a company like WSTL has a thread with over 18,000 posts. For some strange reason, SI members love these stocks - VLNC, WSTL, TAVA, etc. Regards, Rajiv

To: Zeev Hed who wrote (809)	8/8/1999 12:19:00 AM
From: Larry Brubaker	Read Replies (2) \| Respond to of 1438

Zeev, I think you are absolutely right about the parallels between WSTL and VLNC (they even share a common bandit). Your advice about how to play it looks good. I still need to try to decipher the terms of the deal. Haven't figured out the "green floor" yet <VBG>.

To: Zeev Hed who wrote (809)	8/9/1999 11:41:00 PM
From: P314159d	Read Replies (2) \| Respond to of 1438

Agree with your short game, but for different reasons. However, the floor (shell) game was questioned around the time of the deal to the THEN CFO (from some sources). His answer shaked whether the game could be played, and focussed on doing these debentures deals with quality folk. I take it you think Castle is NOT one of these Quality Folk? Would make the short game more valuable..appreciate your comment.

To: Zeev Hed who wrote (809)	8/13/1999 9:04:00 PM
From: redwood	Read Replies (2) \| Respond to of 1438

Zeev..re.wstl......if there are 4 mil shares involved an only 500 thousand more shorted from april to july...is it implied that because of this floorles financing deal there is a high probility that castle creek etc. will short another 3.5 to 4 million shares in the near future?....also.. the part about the price maybe rising to the 8-9.25 level..do castle creek etc. have any power to make it rise or do they just hope it does an then short?...any an all comments appreciated......redwood