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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Alan Smithee who wrote (35357)2/22/1998 10:34:00 PM
From: ViperChick Secret Agent 006.9  Respond to of 58727
 
DSG....

oh you know me so well....

the difference is mine expired due to their fault and I wanted restitution and it wasnt until I raised hell and talked to a VP that Friday that they told me exercising was an option for their screwup......they were trying to sneak something passed me I think because they were saying ...oops..too bad...you didnt get the position closed (BECAUSE OF THEIR FAULT) and now the put is worthless......

I can make a case if I have the knowledge to do it...but I was just a babe in the woods and believed them that I was going to be out my money I paid for the puts AND not going to get the profits I was due if the position had closed that Friday......School of Hard knocks on that one...

different ballgame than his situation...but I remember how I felt over that weekend worried about if CCI was going to pop a load before I bought it to cover.....and having to switch out enough money to cover a margin on 400 shares of CCI....EVEN THOUGH I WAS IMMEDIATELY BUYING THE STOCK TO COVER......I still had to send them money...which they sent me back when I IMMEDIATELY closed my account...sheesh..that was a nightmare...