Sympathy- because I now know how much a real spanking will hurt her.
Envy - of the guy that will be getting to really spank her, and of her for getting to play with someone near her.
Worry - what if this guy's a creep? takes liberties she's not prepared for- otherwise betrays her trust?
Happiness/Hope - glad that she's found something/someone that will hopefully fulfill her desires in ways I can't over the phone.
Pride - in her following through on something I've been urging her to do for awhile.
Nervousness - I want her to let me know she's okay, but I'm not exactly close and couldn't do anything immediately if my worst fears were realized. (don't worry, I have a plan just in case).
Jealousy - don't want to admit it, but yeah, probably at least a little pinch of this too.
I'm sure this is old hat to many in the spanko world who share playmates, but it's a little new to me, had not seen a post about this anywhere, and thought it was worth sharing.