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Biotech / Medical : CEPH
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To: DIVYA DUTTA who wrote (145)5/4/1997 4:16:00 PM
From: Rohit Nanavati   of 998
 
Divya,
Couple of things. 1) At the moment it seems that FDA approval likely. 2) If it is, Stock can go to 25 or more. 3) If not stock can get below 15 easy. 4) The only way I know to play this one would be to buy calls and puts both. In other words, keep your one foot in hot and other in cold. 5) writing cover calls would be risky since if stock go down, then you are going to be sitting looking at a dead duck for a while.
Rohit Nanavati
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