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.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (14578)	9/4/1998 10:25:00 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

More on (moron) Leap Wireless -- often these spin-off distributions will trigger a brief period of "when issued" trading (actually, "when and if issued" trading). A stock will appear that has the newspaper listing of (something like) : LWII wi. (I am guessing ticker symbol for Leap Wireless Intl. Inc.) Trading in wi issues does not have the normal 3 business day settlement period. (I think it will eventually settle if and when the spin off takes place (or 3 business days later)). It also causes weird things to happen with money calculations in a margin account. If there is wi trading, it will make clear to all of us what the perceived value of Leap actually is. Jon.