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Technology Stocks : Odetix (ODETA) best in mass data storage, going up!!!
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To: Glenn Petersen who wrote (520)3/20/2000 10:03:00 PM
From: Ashley800  Read Replies (2) of 529
 
Glenn,
Would like your comments on my thoughts:

If you own ODETA at $20 tomorrow, and ITERAS prices at $14, you would own 1 share of ODETA at $6 and 1 ITERAS at $14 totaling $20 post split, right?

How do you think a short on ODETA PRIOR to the spinoff of ITERIS would be handled.
Let's say I was short 1000 shares of Odeta today at 20.

ODETA drops to $6 so I'm ok there ($14,000 profit), but wouldn't I automatically be short 1000 Iteras @ $14 thereby giving me a $14,000 obligation to buy back ITERAS? And what if ITERAS runs?

Could wind up being expensive for anyone short if the IPO is hot. Let's say ITERAS runs to $25, your up $14,000 on ODETA short, but negative $25,000 on ITERAS.

Also, when will shareholders issued ITERAS stock be able to short ITERAS to lock in profits (assuming IPO is strong)? If I'm issued shares at $14, but can't sell for 6 months, and ITERAS runs to $34, I'm going to want to short it to lock in my $20 profit. Might not be shortable right away.

Thanks

Dave
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