Show your support by donating any amount. (Note: We are still technically a for-profit company, so your
contribution is not tax-deductible.)
PayPal Acct: 
Feedback: 
Donate to VoyForums (PayPal):
| [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, [7], 8 ] |
| Subject: shorting the difference between the exchange pricenote holders to convert (15cents) | |
|
Author: and themarket price.nothing to do with the Mot announcement. |
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 06:36:00 01/16/03 Thu Posted By Subject Post Time Post ID hotdog20 (ID#: 343012) RE: Insider trading on Tuesday? 16/1/03 2:14:50 PM 5922349 « Previous Message Next Message » Sorry ##### that wasn't the reason. Professional traders were shorting the difference between the exchange price for note holders to convert (15cents) and the market price. Institutional Investors (most of the noteholders) decided enough was enough and moved against them. These traders then had to cover (i.e. buy shares) their shorts. This lead to the price movement. It had absolutely nothing to do with the Mot announcement. Cheers This message has been viewed 54 times Report a BullBoards Violation Ignore hotdog20 Post Reply View Threads [ Next Thread | Previous Thread | Next Message | Previous Message ] |