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To: Oeconomicus who wrote (756)11/12/1997 1:53:00 PM
From: Don Westermeyer  Read Replies (1) | Respond to of 164685
 
Bob,

The put premiums will be a fortune I imagine. I wonder where they will borrow stock to hedge? I'm kind of wondering if they were behind this last squeeze. Just speculation and it really doesn't matter that much.

Don



To: Oeconomicus who wrote (756)11/12/1997 7:57:00 PM
From: dmccoach  Read Replies (1) | Respond to of 164685
 
RD Buschman, can you explain in layman's terms the content/meaning of
your last post to a beginner...? What will this mean for the stock?

"PS: Now the VCs and insiders can do zero cost collars and don't have to sell yet.
They can then borrow against their positions too, so getting cash, reducing risk and
deferring gains can all be accomplished now, at the same time. Well, a week from
now anyway. "

Thanks,
Still Short
Dan


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