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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: FESHBACH_DISCIPLE who wrote (2536)12/8/1999 11:46:00 PM
From: peter michaelson  Read Replies (2) of 2693
 
I shorted at $3.80 yesterday, after covering the earlier short at an average of $1.75 or so.

I'm still trying to figure out what those Yahoo guys are talking about over there. There must be some scenario that pays the equity holders more than the debtholders, but I haven't figured it out yet.

Is there any scenario that can make the current prices of bonds and stock seem rational?

peter

BTW, any on-line source for quotes on the bonds? Hate bugging broker.

thanks
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