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


To: Land Shark who wrote (1222)9/19/2000 2:21:59 PM
From: Souze  Read Replies (2) | Respond to of 1438
 
I see what you mean that there is no set floor price. So that is 'floorless'? In terms of Bear Stearns' incentive to short, they only have that incentive up to and through each two day interval that determines the price of that tranche; then they want the price to go up, for them and/or their clients.