SI
SI
discoversearch

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 : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (1977)11/8/1998 10:15:00 PM
From: chester lee  Read Replies (1) | Respond to of 2506
 
dale,

Yes, WEBB does have outstanding convertibles. I'm short a measly 200 shares at 5-1/2, and will probably add to the position at higher prices. I'm surprised the stock is up on the news that they are calling off their purchase of Skyconnect.

<<Online System announced on June 9 it would acquire Skyconnect for an undisclosed amount of cash and stock. With the drop in Online System's share price, the value of the deal also dropped, the company said.>>

I guess the stock is going up because they will have more cash left for operations sicne they are not going to spend it on Skyconnect.

chester



To: Dale Baker who wrote (1977)11/9/1998 11:22:00 AM
From: dumbmoney  Respond to of 2506
 
Results for quarter ending 9/98 have not been released yet.

WEBB should file their 10Q this Friday. It's an excellent short IMHO - if you can find shares someplace (I couldn't).


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News