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Strategies & Market Trends : Death Spiral Preferred Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (17)9/22/1998 10:40:00 PM
From: eric deaver  Read Replies (1) | Respond to of 47
 
Zeev, thanks, I think I am finally really catching on to this floorless conversion issue. My next question if you have the time:

So if we are going with this shorting scenario, somebody picked today to cover 500,000 share short position. Now the price has been around $1.00 for sometime. Why pick today? Could it be an indicator of the TX announcement and these folk not wanting to get caught with uncovered short positions?

Eric