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

To: Roger A. Babb who wrote (14326)	10/3/1998 1:23:00 AM
From: chester lee	Read Replies (1) \| Respond to of 18691

Roger, <<Just another variation of floorless convertibles. >> Within the plausible framework of events as you have described, the "equity credit line" deals are NO longer floorless. The issuing company's ability to time and limit the amount of shares makes the financing deal a discount convertible, but not floorless. The floorless feature comes when there is a financial incentive for the convertible buyers to i order to drive down the stock price. By limiting the dollar amount and choosing the timing, the issuing company can "manage" the amount of converting, so that its stock priced isn't mercilessly pounded. I'm assuming that the issuing company isn;t going to sell more stock (at a discount) until the buyers have converted. chester

To: Roger A. Babb who wrote (14326)	10/3/1998 9:43:00 AM
From: MIKE DUBIS	Read Replies (3) \| Respond to of 18691

TO ALL SHORTS: I would much appreciate it if any of you could give me your "best picks" for a short, for a time period, through november or mid december. Mike

To: Roger A. Babb who wrote (14326)	10/3/1998 11:36:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 18691

Take a look at IMGK and let me know what you think. A weak software games company almost out of cash and still losing money. They cleaned up their convertibles with the IPO, but more should follow at this rate.

To: Roger A. Babb who wrote (14326)	10/3/1998 5:18:00 PM
From: Hoatzin	Respond to of 18691

Roger, Since the topic is floorless convertibles, and since there seem to be a couple of newcomers to this thread, allow me to remind you about the top-of-the-line in creative financial vehicles - from FBN, of course! home.att.net Kevin