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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Rich Wolf who wrote (36258)3/2/2002 8:29:18 PM
From: Zeev Hed  Read Replies (2) | Respond to of 99280
 
Rich there are so many high risk companies (with , of course, potential high rewards) without all the baggage that VLNC is carrying, it kinds of make this one a low priority to watch. I still have it on my screen, and when appropriate volume/price action warrants, I might even try anther mini trip, but I can't say it is a good long term speculation right now. I would consider stocks like CDTS and SCON better in that respect, and even in their case, I am still holding my fire until I see the white in the MM's eyes.

Zeev



To: Rich Wolf who wrote (36258)3/3/2002 6:46:36 PM
From: Larry Brubaker  Respond to of 99280
 
<<I was agreeing that it had a high probability of being related to shorting prior to pricing a convert.>>

Rich, actually my theory is that the upcoming financing will be common shares sold at a fixed price, not a convertible. The fixed price will be at a discount to the market at the time the shares are bought, which coincidentally will be well below the average price in which the bandits have presold their shares. Similar to the series of "just in time" financings they did in 1999, every one of which coincided with a marked drop in the stock price immediately prior to the sale.