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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?


To: George Dawson who wrote (101)10/8/1998 4:35:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 1438
 
George, an interesting thing to note about ANCR is that it has 12.148 million shares outstanding, and has not been above 5 since early June. It did not trade above 3 in July, and did not trade above 2 in August. But during that time the short interest almost doubled.

Barb



To: George Dawson who wrote (101)10/8/1998 10:13:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 1438
 
George, it sure does not look good, the floorless seems to increase their position each month. What is the story that makes you want to be interested in a company that has a floorless? Typically, a floorless is a death nail, there might be some cases where it is not, but you must have an extremely strong case (or stomach) to still be in this.

Zeev