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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy) -- Ignore unavailable to you. Want to Upgrade?

To: Tupulak who wrote (1115)	10/11/1999 1:42:00 PM
From: farmerBill	Read Replies (1) \| Respond to of 1208

During the time that the short interest was put on, the best bid on debentures was 1, or 1 cent on the dollar. The holder of debentures who wished to sell (tax loss?) was better off to short the stock. This would create a convertible hedge which would have no margin required. I personally bought bonds a while back for 10, which was like buying the stock for 16 cents, and shorted the stock the same day for 21 cents, locking in a profit and earning future interest on the debentures as gravy. I am amazed that there's so little talk of trading the debs on this site.