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

To: redwood who wrote (836)8/13/1999 9:21:00 PM
From: xcr600  Respond to of 1438
 
WSTL- the coompany issues press releases so CC can layout their short position on the high volume days.

I have yet to go back and look at the high volume days between now and April. There may have been enough for the position to be laid out.

The million dollar question is: Do they cover or try to drive the price down so they can double up on it?

btw, correct me if I am wrong, but if the debenture holders short offshore, their short interest won't show up in the monthly numbers since their position is naked?

Zeev, any thoughts?

x



To: redwood who wrote (836)8/13/1999 10:03:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 1438
 
redwood. I have been swamped with other "stuff" recently, so I had no chance of doing as detailed study of WSTL, I still think it could be shorted on rallies to high $8, if you get it there and covered just under $7, a surer short would be indicated by a break of about $6. to $6.5.

Good luck.

Zeev


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