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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?


To: Anaxagoras who wrote (405)5/14/1999 11:48:00 AM
From: RockyBalboa  Read Replies (1) | Respond to of 1438
 
I read the news and began bidding. If fell so fast that the $1 mentioned there have been easily reached.. for whats it's worth, I took 7/32 home. Sure I saw a higher bid.. but.

It seems that COCN wants to go up, me thinks they needed the $1 to have a low hit point for averaging. But no clue how far it goes, the chart implied 1 3/4 or better but when something is brutally sold down, technics may no longer apply?

I need some luck in secure, too. They have also a convertible out, which must be kept under 5 for some days - to get it variable instead of fixed.

COCN, reminds me on ERGO which traded long time far beyond its cash, only recently it spiked.

Detto IMO on secure which has less favorable fundamentals.

IS.com



To: Anaxagoras who wrote (405)6/1/1999 7:21:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 1438
 
Anaxagoras, on COCN, when is it expected to have positive cash flow? If not soon, then it will have to go to the well again, will it not? Is there a chance for another reverse split?

I like those companies after they get out from under a floorless, but sometimes, so much damage was done, at least technically, that it takes a long time to recover.

Thanks.

Zeev