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Technology Stocks : Coyote Network Systems (CYOE), Mixing It Up, IP and ATM
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To: Mama Bear who wrote (352)2/19/2000 9:39:00 AM
From: StaggerLee  Read Replies (1) of 360
 
Yeah, in hindsight there was nothing to justify the huge call premiums. Since I bought in at $8.75 and sold Feb 10 calls for $1.50, I managed to break even despite the 17% drop in the stock's price. The moral of the story is: It's hard to lose money when your calls pay you 17% for 3 weeks.
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