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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Bryan who wrote (2364)8/16/1999 1:58:00 PM
From: Mama Bear  Read Replies (1) of 2693
 
Bryan, the one specific fact that kept me on track with this short position was the lack of revenues. When Mr. Mondale said 'BK is not an option', I'd ask 'Where are you going to get the money to pay your bills, Leo?'. I'm not sure if I could have been as sanguine if I were holding a time sensitive position, as were your puts. I will be interested to find out how the matter of long puts is settled if trading remains halted through this Friday. I'd expect the put writers would be held to their contract, it just isn't fair otherwise. I would feel dirty if I get to keep the money on the puts that I wrote, but I do expect trading to re-open before January expiry. If I were to get to keep the money, I think I'd have to donate it to the Salvation Army, it just isn't right.

Barb
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