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.

Technology Stocks : Quarterdeck: Making a Striking Comeback! -- Ignore unavailable to you. Want to Upgrade?

To: Jesse Livermore who wrote (1771)	11/19/1997 9:00:00 PM
From: Jesse Livermore	Read Replies (2) \| Respond to of 3307

Dwight, I read the covertible price is 5 until March 1998. After that it floats. If the price is 2.0 then there will be 15.7 million more common shares if all covertible holders sell. Now, it would be only at 5 they would convert until March 1998 so I don't know where current selling pressure is coming from. If the stock goes to 5 shortly there will be selling pressure after March 1998. Obviously, the covertible players get more stock if the price stays low until March when they can convert at any price. They get more common. It would be in their interest to convert but not sell unless the price is better. So, maybe we are seeing selling to keep the price artificially low? Except, if they can't short under 5, where are they getting the stock to sell now?