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


To: JoeinIowa who wrote (24192)3/13/2001 11:09:57 PM
From: Ken W  Read Replies (3) | Respond to of 29382
 
Joe:

RAD: Go back a few posts and read the discussion re: convertible debt reduction. Refer to the situation that convertible reduction created with RDRT. Once the convertibles are reduced the short position is reduced also taking pressure off the stock and generating a certain amount of cash to the company. It may not appear as real cash on the company books, but has the same effect.

What Sergio is getting across is that there is a built in target of 7+ on the stock. I'll be aiming for the just under 5 buy in also. It is a layup!!

Ken