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


To: Prince who wrote (4959)1/19/1999 12:35:00 PM
From: Jack of All Trades  Respond to of 122087
 
Debentures convert based on the price of the stock when they choose to convert. So they short the crap out of it and drive the price down so they convert more shares. The lower the price the more shares. So they just keep shorting and shorting and price keeps going lower so they have more shares to short ........



To: Prince who wrote (4959)1/19/1999 12:40:00 PM
From: TradeOfTheDay  Read Replies (1) | Respond to of 122087
 
Read this story by Bruce Thompson for a great explanation of floorless converts:

exchange2000.com