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Strategies & Market Trends : Value Investing

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To: peter michaelson who wrote (9172)12/7/1999 10:03:00 AM
From: Daniel Chisholm  Read Replies (1) of 78625
 
Buy Iridium bonds. Short the stock

Uhh, have you tried to short Iridium stock?

Shorts like these are kinda like potential spouses -- all the good ones are already taken!

I had my Iridium short called in at $9ish, with me kicking and screaming. Then I tried pleading. Then I tried begging. No good, I had to buy in. I think I made about 50 cents per share.

(Hey, if you know where, please tell me where I can borrow some Iridium!).

FWIW even their bonds seem overpriced to me (!).

- Daniel
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