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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (4387)	3/18/1999 8:27:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Yes, we discussed convertibles early in December, with regard to AURL, but determined later that once the stock began heating up, most of those conversions ocurred at or under 50 cents. . . it sat at 50 cents for months prior, as well. . .at this point, anyone that has NOT converted, will be very sorry. . .and whatever manipulation [shorting] they might try to get the price back down, will be erased by the increasing interest by the penny traders, etc. online. I don't think we are going back down under 1 buck anytime soon, in my opinion. . . not the way this thing has been trading. So whomever is just now discovering convertibles, either did not buy with us at 50 cents. . .or has not followed the stock long enough to get a sense of how it is trading. Most of us held off buying in until the "scare" of an upward spike shook out more convertibles. . . that set up some great buy opportunities. . .even UNDER 50 cents. From here on out, many are holding nothing but free shares anyway. Those that missed it. . . missed. . . wait a year or two and there will be another OTC stock worth buying that has just as much potential. Frankly, my guess is that those eager to stick convertibles in our faces, were probably left HOLDING convertibles and are upset at this sudden show of incredible buying strength. Rande Is