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.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (7712)	8/15/1998 9:20:00 AM
From: ChrisJP	Respond to of 29382

Hi Sergio, Regarding BOST Convertible bonds: I have no opinion. All I know is that the company continues to make statements that it is on the teetering edge of bankruptcy. I bought BOST at the beginning of the year for 6+, sold it at little bit later between 7 and 8. I thought the huge short interest would cause buying as they covered, but when I checked the short interest numbers after I bought, they actually increased indicating to me that there was a lot of confidence out there that BOST had further to drop. So I bailed. The article you posted is interesting in that it says: "But as bondholder we don't care," but then it goes on to say: , "but investors should beware: this is a very risky situation and the bondholders could lose everything if this restaurant concept completely fails." Seems to contradict itself unless I'm misreading it. Anyway, BOST looks like a real gamble to me. IMO, Unless you're confident they will turn around, I'd stay away. There have got to be easiler ways to make money (like APCO). If you want to gamble with better odds, buy some RNTK. You can wait for the deal to be announced or sell into the runup caused by expectation of the deal being announced. (but be aware that they have a floorless convertible issue which can put downward pressure on the stock price). CADE looks like it is down due to: short term mentality of its buyers and concerns regarding future profits/growth in airlines biz. So I can see why its back under 3 (but 2 3/8 was a steal, wish I had bought). RECY is probably down due to expectations that steel could get very cheap if asian countries try to dump it on us. I've followed the APCO thread, not sure what APCO's downside is. So maybe 8 - 9 is good here. The buy recommendations just keep comin' in ! AIRM and HDIE also look good, have only sold off a little after their good earnings reports, and have relatively low PEs. BTW, there's a lot to be said for cash right now too. Wish I had more of that ! Regards, Chris