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

To: Larry Brubaker who wrote (822)	8/10/1999 1:18:00 PM
From: Gerald Walls	Respond to of 1438

Since mere mortals cannot short a stock priced at less than $5, one has to assume it is the work of the bandits. Actually it all depends on your broker. Some will let you, especially if you have a large account. I can't initiate a short under $5 in any of my accounts, though.

To: Larry Brubaker who wrote (822)	8/10/1999 5:50:00 PM
From: John Dwyer	Read Replies (1) \| Respond to of 1438

Thanks Larry, Don't know if ARIA really meant to get into this but it sure looks bad. Although the short interest has risen sharply, the stock has basically continued it's downward trend that has been common among many third tier biotechs. As I argued on the ARIA thread, there are many companies with similar drops that did not have a floorless in place. Regardless, I suppose the argument here and on the ARIA thread is basically... if it walks like a duck and talks like a duck, then it must be a duck. Great thread... keep it up! John