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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?


To: stilts who wrote (2961)10/29/1999 4:16:00 PM
From: daveG  Respond to of 15615
 
Thankyou stilts,
I think you are exactly right.
dave



To: stilts who wrote (2961)10/29/1999 4:53:00 PM
From: Ellen  Read Replies (1) | Respond to of 15615
 
When a company issues a convertible, there are math-whiz arbs who buy the convertible and short the outstanding common, which is what is happening now.

Well, then, yikes.
The short interest in GBLX is already huge, to the tune of over 26 million.

EDIT: Correction. Short interest closer to 25 million.
nasdaq.com

Oct. 15, 1999 24,942,658