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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (53037)3/22/1999 9:40:00 PM
From: Earlie  Respond to of 132070
 
Tommaso:

I can't speak for Dell, but I learned that MSFT had a program in place with some of the previously involved brokers wherein the company could merely print and issue new stock if the market ever pounded their put positions. Unreal, insane, obscene, but true.

Best, Earlie



To: Tommaso who wrote (53037)3/23/1999 9:49:00 AM
From: Knighty Tin  Read Replies (2) | Respond to of 132070
 
T, Dell did not sell real puts. They sold Put Warrants that don't mark to market. Most of those are way out of the money, but they could get whacked if the stock continues to head south. Of course, if they had half a brain, they would have been hedging them when the blundering herd was drooling at $52. However, since that is just shareholder money and not real money, they may not have done so. <g>


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