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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (8730)5/13/1998 4:40:00 PM
From: craig crawford  Respond to of 18691
 
<< It doesn't matter....$8,$7,$8 3/4...you couldn't get the shares... >>

No one could get shares of CFON at $8-10? Aww shucks, I knew I should have went long. Oh well, there is always tomorrow.

I couldn't get shares of KTEL today--must be a long line on that one too. I might have to go long KTEL again if that's the case...



To: Jeff Jordan who wrote (8730)5/13/1998 5:51:00 PM
From: Roger A. Babb  Read Replies (5) | Respond to of 18691
 
Jeff, I shorted CFON at 8, 8 3/4, 9 as it went up. Don't forget that this is a floorless convertible, converts at the lesser of 7 3/8 or 85% of previous 3 day average price. These shares (or shorts based on these shares) will soon appear on the market.


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