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Strategies & Market Trends : Value Investing
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To: Tony Joines who wrote (12355)4/17/2001 1:29:41 PM
From: Don Earl   of 78740
 
Tony,

Thanks for the feedback. The scams run through our Country's Federal bankruptcy system are a slap in the face to anyone with any concept of justice. I keep seeing news on the NASDAQ site related to PG&E and the quality of the articles leaves something to be desired. So.... one subsidiary sells power to another subsidiary at an absurd mark up until the other subsidiary can't pay their creditors and files Chapter 11? 100 years ago everyone involved would have been shot in the back and the sheriff wouldn't have bothered to investigate.

FWIW, I called my broker with the option question and he seemed to think put options would be valued at the strike price, although he didn't seem too sure where the stock would come from to put to the writer of the contract if trading were halted.
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