[wideawake]

And sometimes guys who go long shares are destructive too - mindlessly pumping overpriced stocks. In my opinion they're just as bad as doctrinaire short sellers.

There are good reasons for convertible bond investors to short shares of the company whose convertibles they are buying. It hedges their risk, and is not merely a speculative short position.

[MeneMeneTekelUpharsin]

Informative...is AMR doing well enough to not need the cash from the convertible? With American Eagle sales up significantly...are they liquid enough?