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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: J R KARY who wrote (24289)	4/22/1999 3:41:00 PM
From: HerbVic	Read Replies (3) \| Respond to of 213177

>> What they do with what they have (left after shorting ,or maybe planning a short after a run up then to cover before 6/1/99 etc.) , and how it will effect AAPL's price near term , is the laboring (unknown to me) part. << Why would a bond holder want to short? Especially since the conversion price of $29.205 per share has already been set. I could understand a bond holder wanting to keep AAPL at a lower price before the conversion price is established. There would be more shares in it for them at conversion. But after? One would think that a bond holder with a June 1 deadline and a generous premium to be had would convert ASAP. Shorts would cover and the former bond holders would likely choose an opportunity to maximize returns before selling their new shares. I can't wait to read Eric's analysis. I'm sure it will be most enlightening. HerbVic