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

To: augieboo who wrote (92383)	7/8/2002 9:31:07 AM
From: Mike da bear	Respond to of 99280

No, they're not buying the stock. They'll short as soon as they can get the shares to short. The public is buying the stock now under the belief that it may now be a bottom in telecom sector if Buffet is investing $100M. The fact is it's a much different financial transaction the convert holders are playing. Much much less risk than buying the stock. If the stock price sustains this run-up until the convert holders short the full $500M worth, then it's even more profitable for the convert holders. MDB