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Pastimes : Don't Ask Rambi

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To: JF Quinnelly who wrote (34653)	8/11/1999 5:21:00 AM
From: Ish	Read Replies (1) of 71178

<<Now if the first trade of the day goes limit up (or down) doesn't the trading halt until the next session? >> It does in a way. If it's the limit up you have no sellers and on a limit down you have no buyers. After 3 limit days the limit doubles and during the month the contract expires the limits are off. <<The fear of having thousands of pounds of frozen pork bellies delivered on my lawn...>> Have no fear, that doesn't happen. Instead you get a telegram telling you which siding the refrigerated rail car full of your meat is. And since the bellies are now yours, you are renting the rail car. It's not good to let a buy contract expire.

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