STOCK MORONS Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : STOCK MORONS

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

To: Lazarus_Long who started this subject	4/3/2001 8:35:40 PM
From: Lazarus_Long	Read Replies (2) of 78

About 3 months ago a friend of mine who shall remain nameless meant to sell some calls on PSIX; instead he sold some puts. He just made a mistake entering the order. He was told by me and several other people to straighten it out- -buy back the puts and then go ahead and sell calls. For some reason he just wouldn't do it. Maybe he was hoping the stock fairy would bail out the sinking ship. Today PSIX announced its financial auditors question its ability to stay in business, it was running out of cash and will likely declare bankruptcy. Those puts which he sold for 2 3/8 and could have bought back at that price are now being peddled for 4 7/8.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext