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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom? -- Ignore unavailable to you. Want to Upgrade?


To: The Ox who wrote (2037)6/28/2001 9:25:09 AM
From: James Calladine  Read Replies (1) | Respond to of 2313
 
CONVERSION PRICE:

ASYT closed above $15.18 only THREE days ago, so if there
is any life at all in this market, at some time in the not
too distant future these converts will be "in the money".

Also, if ASYT pops to any significant level thereafter,
a short position can be entered, secure in the knowledge
that covering the short is built-in via conversion.

And, you collect some interest on top.

Not a bad deal UNLESS ASYT is in much more dire straits
than we think.

Namaste!

Jim