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To: Ruffian who wrote (51075)11/19/1999 1:45:00 PM
From: Jim Willie CB  Read Replies (4) | Respond to of 152472
 
can those jagoff MM's employ some slippery sneaky slimy sweet deal that enables them never to cover?

doubt it... we got accountability to SEC

can those slippery bastards roll into a future month?

doubt it... options expiration means options expiration

can those sonsabitches just walk away?

sure, but only if they are willing to lose their NASD license

can those pinhead pencilnecks simply cover their naked option calls, and absorb massive numbers of shares on shorted basis in order to contain the explosion?

sure, but holding large short positions starting next week simply moves their vulnerable state to next week, when they should wisely cover

send it north now, or send it north later

am I missing anything here?
/ JW