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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: LGC who wrote (8553)	11/29/1997 6:23:00 PM
From: watcher	Read Replies (1) \| Respond to of 79336

First of all, Sergio ... thanks for the correction. I'll have to go back and figure out where I took the wrong turn. Louis....how did you get CNBC in the hospital ?!?! Actually, I think both common and preferred have a dividend, the difference being that the preferred is fixed in price. From the point of a dividend, the common might actually be a better deal...but I'm far from certain about that. I don't actually understand why there should be shorting of the preferred, though...(sigh.) Nor do I understand Doug's explanation of the pricing differential between the common and the preferred. So I'd be really happy if someone could help me out... watcher Louis...I'm not without a modem...just PCMCIA slots...there are those old-fashioned serial ports, though...thru which I run my _very_ nice wireless modem (but which requires certain geographical areas, so I couldn't use in Annapolis :-().