Greetings all! Especially for Messrs. Soule and Jetson. Why dump CYMI common and retain calls? Fair question. Because for a fraction of the commitment I was making in the common, I maintain leveraged exposure to CYMI in the event it does go up, and if I am wrong and the options expire worthless, it's just a cost of doing business. In the meantime, Elroy, the CYMI common that I converted to CPQ leaps has already turned a nice profit, thank you very much, with almost two years to run. Once the leaps go in the money, you are looking at a dollar-for-dollar return with leverage, and one can always roll over and up, increasing the number of contracts with the profits. I will take that any day, including today. And how did you fare?
- Stoli |
