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Non-Tech : The Critical Investing Workshop
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To: Voltaire who wrote (9366)3/27/2000 10:00:00 AM
From: im a survivor  Read Replies (1) of 35685
 
I have a decent position of IARC I have held since under $2. The company has potential to do very well...their product blows anything VIGN has away, imho, and things are really starting to cook for them. Since my cost basis is so low and since I essentially want to hold what I have until at least $80, which I feel we will hit this year, I went ahead and bought some more at the open today ( it opened up a $1 or so ). I got my shares for 22 7/8, and then wrote the april 22.50's and got 4 1/2.

Not too shabby......20% on the nose on the premium, but I am sacraficing like .40cents on the strike price, so It may bring it down to 18 or 19% if they get called.

Great day to all....Keith
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