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

To: BigTex who wrote (37790)	6/4/1999 4:34:00 PM
From: TH	Read Replies (1) \| Respond to of 122087

I need the help of the experts on this thread. If there is a better thread for this question please direct me there. Explain to me how a large investor could profit from buying a preferred series of shares that cannot be shorted and do not trade options. This is floorless preferred stock. In other words is the only way this investor could profit is if the stock moves upwards in price from his agreed to conversion price. These preferred shares are convertible at a small discount to an average of any five day closing bid. There are not enough shares available to short and the investor has not shorted his full position as the total shares short equals less than 20% of the number of shares his convertible preferred stock allows him to convert. In my opinion the only way he can profit is if he is long on the stock. Please enlighten me. Thanks Thurston