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Non-Tech : Enamelon (ENML) - Does anyone follow this? -- Ignore unavailable to you. Want to Upgrade?


To: chester lee who wrote (752)12/31/1998 4:50:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 863
 
I believe that the convertible holders started shorting as soon as the ink was dry on the agreement, then they will cover with their convertible shares after Feb. 28.

I have learned not to get greedy with rotten-company shorts. This was a position trade from 8 1/2 with a target in the 5's. Tax-loss selling ends today and I don't want to lose my profits in a squeeze next week.

That said, it's a terrible company which should eventually trade in the pennies. Good luck.