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snowcloud

01/05/10 11:24 AM

#1988 RE: Stock #1987

I didn't but I'm day trading the ES these days and haven't paid much attention to the ETFs. I did notice that yesterday on the big up market day when most of the other short ETFs were down, SRS was up. I wonder if it had anything to do with SPG's announced Preferred shares being convertible to Common? Sounds like potential dilution to me.