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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (4699)1/17/1999 2:19:00 PM
From: put2rich  Respond to of 122087
 
Mama Bear,
Thank you for your sound advice. My picks are conservatives but my disciplines are not. My mind is real bad that I can not trade intelligently. I need to cool down and with all the lessons I hope I can get my loss back not too long and at the same time have a life. I will trade very small in options to learn more and at the same time will do some long term buy of some good stocks on the dips and then out on strong days or long term. You are right that market is always there for me.
Have a nice day



To: Mama Bear who wrote (4699)1/17/1999 4:46:00 PM
From: xcr600  Read Replies (1) | Respond to of 122087
 
Barb, does the following prevent the IMON covertible holders from converting all at once?

edgar-online.com
<< The holders of Preferred Stock do not have the right
to convert to the extent that such conversion would cause the holder to
"beneficially' hold more than 5% of the outstanding shares of Common Stock, as
such terms defined in Rule 13d-3 of the Securities Exchange Act of 1934. >>

Can the preferred convert and sell in the same action or is there some sort of lag in time? I would think that they could convert and sell continuously, so they would never hold more than a 5% stake during the day. The market just needs the ability to absorb these shares without killing the price. If I'm wrong please correct.

Thanks

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