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Biotech / Medical : PRXL - Parexel International
PRXL 88.080.0%Oct 9 5:00 PM EST
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To: Casaubon who wrote (56)9/11/1999 1:24:00 AM
From: George Sepetjian  Read Replies (1) of 62
 
My Mistake

I bought more shares around $12.50 thinking that would be a bottom and in effect dollar-cost average down. That was a mistake. Sometimes it has worked for me and other times
it doesn't.
That pushed me into sell CC's to at least get back some of my investment. I'd like to divorce myself of the stock ASAP.
I'm down 43% since PRXL exploded.
Your thoughts regarding selling CC's is wise. Best to wait for a decent move up before pulling the trigger. But that may take awhile. That way you can capture the best premium. Also, it's best to wait and accumulate more shares before writing options. Otherwise the commission percentage paid is outrageous vs the premium received.
In hindsight, I'd prefer to have access to that cash to have bought something else. Now it's essentially dead money and the timeframe for recovery is a wildcard.
I figure I might as well cut my losses while I'm still married to this dog.
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