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To: OtherChap who wrote (22494)	10/21/1998 7:33:00 PM
From: IceShark	Respond to of 164687

Oh WrongWay, you know we see eye to eye on this POS but you got to cut down on the hysterics. Now I am not a securities guy, nor have I ever had this unfortunate circumstance befall me, but I have a suspicion what may have happened given Peter's explanation of getting a kerosene soaked corn cob shoved where the sun don't shine. It goes something like this: One writes neecked calls that expire on 10-20-98, they get informed on Monday the stock was called away, now one is short the equity. One sits there with the short and if the broker doesn't have the long shares, one must cover on the third day - as on Wednesday. So a T+3, trade was Saturday and third day is today? Seems plausible to me. BWTFDIK I don't write neecked calls, so have never checked this out. Regards, IS

To: OtherChap who wrote (22494)	10/21/1998 9:36:00 PM
From: Randy Ellingson	Read Replies (1) \| Respond to of 164687

How amazing- if the manipulators cant get you to cover by trying to panic you, they will simply get your broker to FORCE you to cover at any price. Why the hell do you think they waited until 3:30 to send out the message? They knew everyone would be forced to cover immediately AT THE MARKET, NO CHOICES, PAL. YOU DONT EVEN HAVE ENOUGH TIME TO COME UP WITH EQUITY OR DO ANYTHING BUT TAKE A LOSS, HAHAH. This is absolute manipulation at its HEIGHT OF SLEAZE. I've never shorted a share in my life, but I would hope that the price action we saw today at 3:30 was not the kind of price action that "forces you to cover immediately". The stock only went up 3% today. What am I missing? How does your broker force you to cover, at any price? Randy