Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (28986)	4/25/2000 1:19:00 PM
From: KeepItSimple	Read Replies (6) \| Respond to of 42523

Hmm. Goldman is the lead underwriter for the AT&T wireless IPO.. Pricing is tomorrow night. Biggest IPO in history. Biggest underwriting fees in history. The naz looked like it was going to tank. Now it has been confirmed that goldman was buying up futures starting at 3:30 yesterday, and has been doing so today. Lets see. A few million in futures spent, and a few billion in underwriting fees made if brought to market in a reflated bubble? WHAT A COUNTRY.

To: Ilaine who wrote (28986)	4/25/2000 1:26:00 PM
From: BGR	Respond to of 42523

Well, the calls will expire worthless and they will sell some more calls. Or the stock will recover and they will sell the stock.

To: Ilaine who wrote (28986)	4/25/2000 1:41:00 PM
From: S. maltophilia	Read Replies (2) \| Respond to of 42523

Didn't know that was such a widespread practice. But then, you have the numbers on everything else<G>. Either way, they're SOL. If the stocks go up they get called away at low prices, and if they go down, not only are they sold out, but they have to buy back the calls with their high premiums.