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To: Kurthend who wrote (7424)12/8/1999 7:55:00 AM
From: hcirteg  Respond to of 10081
 
Kurt-

Good point on the small size of trades...BUT...the stock never got close to 3.5 yesterday so usually this portends a rise to those levels the next trading day...I would be VERY surprized if we don't touch 3 9/16 today.

Good luck to us all!

HC

PS...Your link to hawkerp is excellent. Note the need for better battery life. There IS a company already producing the next generation of batteries (laptops will have 10-12 hour life on one charge). The company is VLNC...check out the last 30 days trading in that stock (Seconds out is in it too!)

VLNC and GMGC are pure plays in their respective markets. GMGC should see VLNC type moves very soon.



To: Kurthend who wrote (7424)12/8/1999 8:15:00 AM
From: Straight Up  Read Replies (2) | Respond to of 10081
 
Hi Kurt

I agree - the preferred's are controlling the movement.

What is your take on this???

Wednesday December 8 8:01 AM ET

Microsoft, Ericsson in Internet Venture

STOCKHOLM (Reuters) - Swedish telecoms group Ericsson (LMEb.ST) on Wednesday announced a strategic partnership with U.S. software giant Microsoft (NasdaqNM:MSFT - news) to help people stay in touch via the Internet and mobile phones while on the move.

Following a trade suspension in Ericsson shares, the Swedish company announced it was setting up a joint venture with Microsoft to market ''end-to-end solutions for the wireless Internet'' in the rapidly evolving high-tech and telecoms industries.

----------------------------------------------------------------------

Straight Up



To: Kurthend who wrote (7424)12/8/1999 12:08:00 PM
From: Mark Oliver  Read Replies (2) | Respond to of 10081
 
Kurt, I'm still a little confused on this short covering thing. If a convertible share holder goes to market and takes a short position, he gains by seeing the underlying price of the shares drop from his selling pressure, which allows them to get more shares for the same dollar amount when they eventually convert. Yes?

Advantage, they get more shares. They get interest while they wait. They make money on the short position.

Finally, when they do decide to cover their short position, they can either go to market buying and driving up the price, or they can simply convert, which gives them a fist full of shares to pay back the shares they borrowed to create the short position. If they aren't buying, but only converting, this seems like a real negative thing.

So, why should anyone suggest they need to buy on the open market to cover their short position? Did they actuallly take a larger short position than their converts will cover?

I don't get it. Again, and again people suggest this short position against GMGC will create a squeeze, but if all the shorts can cover without going to market, where's the squeeze?

Regards,

Mark