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Biotech / Medical : IVAX Insider Trading
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To: Sr K who wrote (749)9/16/2000 1:43:49 PM
From: Jack Doerr   of 756
 
Sr K,

I could use some help if you are of a mind to.

I recently took a fairly large loss when IVX took it's (what I consider to be) nefarious drop from around 50. I thought it would come back and in addition to maintaining a small position, bought 5 October 35 calls (@3 1/4). I know I won't get my loss back, but would like to get as much as possible (naturally). I am not very experienced in options.

Do I just wait & try to exercise the option as high as possible, or is there some other possibly more profitable course I can take? An anticipatorial thanks,

Jack
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