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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Bob who wrote (63516)	9/30/1999 5:26:00 PM
From: R.E.B.	Read Replies (1) \| Respond to of 90042

bobp, I understand the shorting part, but I would expect that they would cover on the dips. The short position keeps growing and has been since $9. I'm trying to think of an arbitrage angle and the only one I can think of is if you are a holder of the convertible debenture and the stock goes to $20, then you have a locked-in gain. If however, you shorted from $9 to $15 and the stock continues to show strength along with the company, you may get screwed out of those debentures.... in-other-words, if you short and the stock hit above $15.75, you could always cover with the shares from the debenture..... but you lose any potential gain...... I'm still trying to figure out why anyone would do this in light of PIOS's great fundamental picture. thanks for you input.