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Strategies & Market Trends : Synthetic Derivatives -- Ignore unavailable to you. Want to Upgrade?


To: CapitalistHogg™ who wrote (73)5/29/2004 3:45:44 PM
From: Zeev HedRead Replies (2) | Respond to of 464
 
Big, you may want to look at the $72 MM debenture, convertible just under $7. These holders will short "against the block" when the stock goes to the $9/$10 area, too many of them had their "orders" ready as the market reopened. I think that until the whole debenture is hedged in that manner, the range is probably stuck in the $7.5 to $10 for a little while.