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

To: Larry Brubaker who wrote (942)	9/4/1999 2:35:00 AM
From: Gerald Walls	Read Replies (2) \| Respond to of 1438

NAVR does an apparent floorless with Fletcher. Excerpt from 9/2/99 8-K filing. This one isn't floorless until February, if I remember correctly. And with the annual meeting on 9/9/99 they're starting to pump out the PRs to try to placate their shareholders. They're mentioning Linux distribution agreements, the Real Soon Now (since spring) Net Radio IPO, etc. (Don't fight the hype!) I just closed my short on this one, but it will probably be a good reshort after the annual meeting. I gave all the money I took from the AND shareholders to the NAVR shareholders :-(. ALWAYS SET A STOP AND STICK TO IT!. That rule would have saved me a lot of my loss on this position. I had a mental stop at 9-1/2 and actually covered at 10-1/16. AND is probably a good reshort here, too, since the INTC conference is over...