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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (1428)	12/14/2002 6:29:29 PM
From: Haim R. Branisteanu	Respond to of 1438

Zeev, I referred to convertible debentures in general were the conversion price is well below the actual market price. Many bubble stock were in those situation and that enabled the moon shot of the stock in many cases. The key is if the shares you sell short are real shares which are hold by an financial institution and not a "commitment to deliver" a practice used many times by WS type institutions. Would not go into to many technicalities but there is a big difference between actively traded stocks and small issues with few market makers who gang together in running the stock in the direction they want - e.g. up or down unrelated to the otherwise fair market price. Schemes of running stocks for the profit of few, ..... are as old as the stock markets As to your specific example without cooperation of market makers those schemes can not be done in a fairly bid / ask market as market forces over - rule the manipulators