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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?


To: Shtirlitz who wrote (1606)8/20/1999 6:50:00 PM
From: Dan Duchardt  Read Replies (2) | Respond to of 2241
 
Nothing like waiting until Friday afternoon for the media to tell you you have a problem, but FWIW

biz.yahoo.com

It seems to me (strictly an amateur) that if you owned shares of IRID you could instruct your broker to exercise your option to sell those shares. After all, you have a contract that entitles you to do so. (I don't know if halting trading on the NASDAQ system extends to prohibiting all sales.) But if you don't have shares already, you would have to borrow them from someone to sell short (if they are available at all) and hope that you can buy them back at a better price when trading resumes.