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: ccryder who wrote (2509)	12/6/1999 12:54:00 PM
From: Mama Bear	Read Replies (1) of 2693

Why would you think that shorts are required to cover? I know a few who are planning to hold this short until the common is cancelled. That wouldn't be me, especially in this market environment. I covered my shorts in the mid 1s, and bought some cheap calls to protect my short/short put position. Actually, because of some weird trading anomaly I was able to buy the 5's for 1/16 less than the 7 1/2's, so I could actually make up to 2 1/2 extra points if this bizzaro market decided to run it past 7 1/2. I'm not holding my breath waiting for that to happen. Regards, Barb

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