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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (7600)	9/9/2001 4:57:17 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 23153

Many thanks for the info. That really helped clear up my understanding of how the converts actually work. I had read that some of the hedge funds could be in big time trouble if we rally here. The article said there aren't many buyers of convertibles and the hedge funds could get squeezed very badly due to the extremely high amount of shorting going on in the market. I've found quite a few stocks with over 20% of the float shorted, and ACTM has over 80% of the float shorted. That might explain some of the media articles and analysts on CNBC saying "whatever you do, don't buy now". They want to lighten up on their short positions. What will they do with the convertibles in a rally? Can they generally do the convert anytime? If they do, can they generally resell the stock right away? On another topic could you post a link to the Barrons article or, if it's on paper, list the stocks they like? TIA!