Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Convertible Bonds -- Ignore unavailable to you. Want to Upgrade?

To: Rocky9 who wrote (35)	10/30/2002 4:55:36 PM
From: scaram(o)uche	Read Replies (1) \| Respond to of 83

>> Obviously, the market does not think that this company will make it. << I'm not certain that's true, unless one uses a very broad definition of "the market". It's interesting to watch. Short interest is down six months straight, with 45% of the position covered. I don't know what to think. The bashers at Yahoo are particularly uninformed and foul-mouthed, and I believe that at least one of them tracks back to a group -- with interesting ethics -- in Scottsdale. $7/share cash, a book that will continue to increase into the next (this) quarter IMO (the total authorized buy back is $20M), and a respected program for the huge HCV market with Wyeth (IND submitted last week). I've been watching it for months. I feel like a fool, on occasion, for saying this, but..... this is what I would expect naked shorting to look like. The alternatives??..... while there is never a "hell bent to get out" seller, there is always someone there to cap enthusiasm. They use several ECNs simultaneously, and show decent blocks on the ask. I guess that it's possible that we have a small time short, selling to the big guy/gal shorts as they cover. It's also possible that there is still a major seller, but he/she/they would need have patience beyond belief. Volume is often nil, but they're always there.