To: Voltaire who wrote (599 ) 1/14/2000 2:35:00 PM From: Jim Willie CB Read Replies (2) | Respond to of 35685
never cut a highschool class in my life way too motivated to outperform my ugly brother goal was to achieve top10 out of class (400 kids) with Advanced Placement Calculus and Chemistry, did so I would have laughed in your face if offered stolen hallpasses shows you how clueless I was, with obscured priorities much more important to get "honey in the hand" than top10 scholar position on serious issue of QCOM January option conversions the question is whether to allow Jan Qcalls to expire the default condition leads into conversion to shares payment for a large portion of those converted shares comes from sale of same contracts since a stock purchase is the result, you gots three days until settlement this is NOT an option sale, which has one day settlement the three days are possibly crucial in providing added cash from higher QCOM share price the stock might jump 15-30 points in those three days a fickle change of mind on a portion of the contracts results in option sale (not conversion) to raise cash it is a sly plan, thanks to PhatBastard for the idea he has known a dozen men to pull it off the onliest punishment is a whack of peepee the infringement is from selling options on second thought late it is called Free Ride Violation I would go on Fed Margin Restriction big deal, no buying with incoming cash or wired funds I aint used that privilege since 1998 Volt, you have brought forth the question of whether money would be in abeyance somehow, not lost, but in confused state wouldnt want broker to tie it up for review of procedure might say screw it, too much energy as you claim might sell a bunch of Feb calls to raise cash then with converted shares, buy back Feb calls on margin the margin released will be huge with purchase of shitcheap shares oh well, stuff to keep me up at night actually nothing keeps me up at night just locating my navel, so that I can contemplate it / Jim Willie