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To: Sam Miller who wrote (5200)11/30/1997 12:17:00 AM
From: HeyRainier  Respond to of 9262
 
[ QUST Arbitrage ] Hi Sam,

I haven't checked to see if there were any problems with selling the preferreds short. Here's a listing of the current short interest on the stock:

QUSTP ÿ QUESTRON TECH PFD

10/97 38,360
09/97 7,400
08/97 17,229ÿ
07/97 1,300

It looks like the convergence of the two prices has attracted some interest, as shown by the higher short interest. Also, I haven't heard of any problems with shorting them--I don't ask brokers because I don't use them--I currently don't have an arbitrage position open for this either; I just noticed this after Ray kindly brought it back to my attention. This weekend has given me a lot of time to make another approach to this issue.

Good luck,

Rainier



To: Sam Miller who wrote (5200)11/30/1997 3:20:00 AM
From: HeyRainier  Respond to of 9262
 
[ QUST Arbitrage ] Sam,

Wait a second. In my last post, I provided you with short interest for the Preferred issue for QUST. I was supposed to give you the short interest for the common issues--those are the shares that are sold short. Here they are:

QUST ÿ QUESTRON TECH INC

10/97 24,307 (equal to 0.33 days to cover relative to avg. volume)ÿ
09/97 13,096 (equal to 0.70 days to cover relative to avg. volume)ÿ
08/97 8,942 (equal to 0.27 days to cover relative to avg. volume)ÿ
07/97 2,404...etc.

Regards,

Rainier