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 : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?


To: George Dawson who wrote (186)11/26/1998 1:19:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 1438
 
George, I think that the conversion price of the convertibles is well in the 20', the holders of that paper probably did some hedging above the conversion price (thus the increase in the short position). The decline in the stock since then is more related to their specific business conditions deteriorating (and the high prices at the time being somewhat inflated?).

Zeev