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Technology Stocks : IRID - Iridium World Communications IPO Announced! -- Ignore unavailable to you. Want to Upgrade?

To: Marty Rubin who wrote (2090)	6/25/1999 3:05:00 PM
From: Marty Rubin	Read Replies (1) \| Respond to of 2693

imo it wouldn't break 9 today, so i'll try to get as close as i can to 9 for an hour trade. from experience, mutual funds don't quickly get back in after they sold when the price rises quickly. i think they'll come back in at some point monday to rescue the longs; therefore, i see no point of going short at this point. IRID: (bid-ask) 9 17/32-9/16. 9 1/2 is the low-of-day.