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To: shane hartman who wrote (2037)12/9/1998 9:34:00 PM
From: Annette  Read Replies (1) | Respond to of 27722
 
Could you explain to me what convertible shares are...who has them, who "makes" them...and why are they converted to short shares? Does this increase the number of shares?
Please excuse my lack of knowledge...I will be the first to admit it though! ;-)

Annette



To: shane hartman who wrote (2037)12/9/1998 10:06:00 PM
From: xcr600  Read Replies (1) | Respond to of 27722
 
Ok, idiot.

Look at AMZN and YHOO's huge run in the past. At one point this year, AMZN's float was listed as short. Easy to squeeze. Since, they have done 2-1 or 3-2, so the squeezes won't be as drastic. As for growth, what growth does AMZN have besides in the wrong direction? I'm not going to debate either issue. I think YHOO is a decent stock, but a bit pricey.

Current short spikes? ONSL and EBAY. Low floats, hi si. You really think people all of a sudden realized these companies were going to have exponential growth? It was a squeeze put on by momentum players.

NAVR can't spike up on the shorts due to the convert holders.