Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (24139)	3/9/2001 12:02:19 AM
From: somatics1	Read Replies (1) \| Respond to of 29382

Hello all. Ken, I am surprised that you would sleep in....remember what you told me about that once a while ago? LOL. I thought of you this morning when I pulled into the thriving metropolis of Jolon...What a mecca!! At any rate, I thought I would share some charts since there has been a lot of discussion about RDRT. I posted a few days ago about the gap at 7.5 or so, so here is where I base my information from.... This first chart shows just exactly where the gap is...see it? just above 7.5 siliconinvestor.com Look at this next chart...notice the moving averages...it's no coincidence that the 50mva is at 7.79 . 207.61.23.99 Now check out this longer and short term view of stochastics....notice that the bottoms have started to form on the shorter term and have signaled an upturn. This just happened. It takes about a day or two for the stock to react to the trend shift...Now is the time to enter, at the gap or a bounce off of the moving average. Since the gap is so close to the average, my money is at the gap. 207.61.23.99 If I sound a lot like Ken W., it's because he taught me everything I know about the market LOL. Good Luck to all whatever your position is!!!! George A.

To: Ken W who wrote (24139)	3/9/2001 5:54:09 AM
From: Ditchdigger	Read Replies (2) \| Respond to of 29382

Hello Ken, don't know much about arbs..I guess one could short the stock against the shares which would be received from the Note conversion and just collect the interest..If that were the case, I would have expect short interest to increase as the price has increased..Instead it is just the opposite, short interest of 4.26mm is at a 52 week low.. the bonds..now 10% W/ an automatic conversion clause..Regardless the market very well could take the stock down to 7.5 or so,,I'll probablky have to grab a few more shares..Going to be a wild ride today ;^(..At least we are expecting 6-12" of new snow<lol> In March 2000, an exchange offer was completed whereby the Company offered to issue 10% convertible subordinated notes ("10% Notes") due September 2004 in exchange for its 6.5% Notes. Holders of the 6.5% Notes were offered the opportunity to receive $1,000 principal amount of a 10% Note for each $2,000 principal of 6.5% Notes redeemed. Approximately $325.2 million of the existing 6.5% Notes were exchanged for $162.6 million of new 10% Notes(nice deal for the company<g>) resulting in an extraordinary gain of $158.6 million (net of no tax and net of 37 40 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) debt issuance costs written off totaling approximately $5 million). In addition, the Company sold an additional $61.2 million of the 10% Notes for cash and payment of fees related to the exchange. Interest is paid semi-annually in March and September. The 10% Notes are subordinated in right of payment to all existing and future senior debt of the Company and any existing notes. The 10% Notes may be redeemed at the option of the Company at any time prior to maturity. The Company has an option to elect automatic conversion of the 10% Notes if the stock price has averaged 200% of the conversion price for at least 20 trading days during a 30 trading day period. If the automatic conversion occurs on or prior to March 5, 2002, the Company is obligated to pay in cash or stock, at its option, an amount equal to two years of interest less any interest already paid prior to the automatic conversion. In conjunction with meeting the criteria to elect automatic conversion and the Company's decision to do so in September 2000, the Company accrued approximately $29.3 million related to the "make whole" provision. The 10% Notes are convertible at any time by the noteholder at a conversion rate of 221.72949 shares per $1,000 principal amount of 10% Notes (equivalent to approximately $4.51 per share), subject to adjustment. As of September 30, 2000, approximately $187.5 million of the 10% Notes were outstanding. (See Note 15.)