| To: LTK007 who wrote (633) | 8/15/2001 10:01:36 PM | | From: Sir Auric Goldfinger | | | | | Thanks for that, Fleck is a master of words. Where are all the pikers that touted this POS now? Should they not apologize to the shorts who saved them from putting in more money and should they not apologize to the others who they tried to get to come along for the ride? |
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| To: LTK007 who wrote (633) | 8/15/2001 10:37:13 PM | | From: leagel | | | | | Any chance you could repeat the essence re options. I've wondered how astute put buyers will be able to cash out here. They were right yet looks like they can't put the stock or sell the put. |
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| To: leagel who wrote (635) | 8/16/2001 1:30:42 AM | | From: LTK007 | | | | it is too complicated for me and i discarded the newspaper--Auric i think should know(ask auric).
But the key point i do remember,if you had calls you need get in contact with your broker and make sure those options are NOT exercised.
But the put side gets complicated.
But the Options Clearing House said they are going ahead with those options.They are not halted,so to speak.Max |
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| To: Sir Auric Goldfinger who wrote (636) | 8/16/2001 10:30:09 PM | | From: leagel | | | | | I admire anyone who had the foresight to buy puts on this dog. I still don't see how you can exercise. How can you put stock if you can't buy the stock? Anyone long calls in SOL anyway. Put buyers, even though they were right may very well be screwed here. |
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| To: leagel who wrote (638) | 8/17/2001 12:49:56 PM | | From: Kevin Podsiadlik | | | | | No, the Options Clearing Corporation, who makes the rules regarding options, has stated that in-the-money options on AREM will be automatically exercised tomorrow as normal. (The implied transactions will simply wait until after the halt to be cleared.) Presumably holders of nominally out-of-the-money puts will be allowed to exercise as well, the catch being that many will not know this or how to do it. |
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