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

To: Shtirlitz who wrote (2478)9/21/1999 10:58:00 PM
From: BillRacer1  Read Replies (1) | Respond to of 2693
 
Unfortunately I was long on IRID and never shorted (stupid me). When the stock was halted it was trading at 3 1/16. As to why it now shows 0, call Suretrade, maybe they know something we don't.



To: Shtirlitz who wrote (2478)9/21/1999 11:39:00 PM
From: dumbmoney  Respond to of 2693
 
Today my balances where updated (they do it overnight) and I'm still short the same number of shares, but the price now is 0 !

Lucky you! Some brokers (Datek is one) use the bid/ask price, which is great (for shorts) because a halted/delisted stock goes to zero, accounting-wise. This is really a bug though, and most brokers use the last trading price when valuing stock.


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