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To: drakes353 who wrote (28224)3/2/1998 11:00:00 PM
From: Marshall  Read Replies (2) | Respond to of 33268
 
Our discussion of this theory never had any set percentage of an issue as being hedged.

We do know the privates converted a 400K chunk on that high-volume day and I'm unsure if anymore has been converted since then. I think it would be safe to say they sold most if not all of them that day and it actually closed up. The next declared short interest figure, along with any additional conversion, may prove interesting.

In any case too much activity might draw too much attention and while certainly making selling far easier it could consequently cause an undesirable permanent price increase.