Mmmm,hmmm. Had to be a reason the chart was acting like it stumbled into an ambush. A >converting shares< ambush.
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Buzz killington : What does this mean
Lnova Buzz killington : ty
Sabrina Fan Buzz killington : Bump
Stock_Drift OP : Market price of convertible preferred shares is determined by the conversion premium and the diff between the parity value and the value of the preferred shares when/if converted, so the lower the premium and its more likely the converted market price follows the common stock value.
Lnova : It’s the same thing that happened with Pegy?
Frankiy : It had a reason why the stock came all the way down from $25.48 to $0.19. The convertibles are almost done because the accum indicator has turned yesterday, so don't worry.
Frankiy :
Stock_Drift OP Frankiy : I’m not worried. It’s the point.
Stock_Drift OP Frankiy : Too small to read. Sorry.
Stock_Drift OP Lnova : Possibly? I’d have to back and look but you could be right
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