IRID - Iridium World Communications IPO Announced! Message Board

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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: Anthony@Pacific who wrote (2249)	8/3/1999 10:29:00 PM
From: Bryan	Read Replies (2) of 2693

Ok now you got me confused, Anthony. At this point it seems that nothing but a massive dilution will keep IRID afloat. You agree on this correct? However, the short interest and the PUT option premiums are leading me to belive that at these levels IRID may be oversold. You are the short-trader, do you act now or wait for better levels to short? I sold my AUG10 PUTS when IRID failed to break through $5.00 (at that time the article you quoted was floating around YAHOO and everyone was bitching about this massive dilution).....anyway I made decent $$$ and stuck it somewhere else. I would not go long this dog ever, but seems like another short squeeze is in the works. Just MHO of course.

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