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.
Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: w2j2 who wrote (19224)11/9/1998 3:38:00 PM
From: nic  Read Replies (1) | Respond to of 29386
 
Remember, they don't need to buy to cover their short - and they can still convert below 1.25 or thereabouts. The 4-week lag built into the conversion formula means that any sudden rise in share price gives them an incentive to lock in profits by shorting. I think Ed hit the nail on the head as to what this means for the share price...

- nic