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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: JustTradeEm who wrote (22545)8/1/2001 6:43:07 PM
From: orkrious  Read Replies (3) | Respond to of 30051
 
Glutton for punishment Jay ??

I am so pissed I got out today I saw this and viewed it as a "gift." PMCS just guided down big time, and they also priced a convert last night. First, the convert holders looking to lock in their gains are going to view this shorting opportunity as a "gift." Second, they wouldn't have issued a convert when they have $300M in the bank unless they viewed their current valuation as "lofty."

Hopefully, in just a few days, this will be a nice "gift" and make up for my rather sizable losses today. (I guess I have gifts on my mind).

Jay