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Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (3423)	8/16/1998 12:44:00 PM
From: MskiHntr	Respond to of 5504

Ah, I see, 'floorless" is a term coined by Zeev. No wonder I couldn't find it in any of my textbooks. "Floorless" no limit on conversion. Does that mean I can buy a convertible and convert it into any number of shares that I wish to at my convenience? Shorting against the box is a valid investment strategy. I either own the shares or a vehicle that is convertible into shares. When I short I lock in my profit. Therefore, if the stock goes to the moon, I only get the profit I have locked in and I give up any upward price appreciation. Done every day. Conversely, if I short vs the box when the stock is below the conversion price I lock in a loss. Pretty dumb thing to do, that's why nobody does it. "Death Spiral" nope, that's not in any of my textbooks either. Maybe somebody can help define that term.