IPIC Message Board - Msg: 2242057

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Biotech / Medical : IPIC

IPIC 0.0001000

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Dec 18 4:00 PM EST

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To: paul001 who wrote (714)	9/21/1997 9:05:00 PM
From: Arthur S. Conroy	of 1359

This will be a great stock to hold next year. I hold the stock long, but to protect my position I have been selling the calls and then after the stock drops buying them back cheaper. This has reduced my cost average from 16.75 to 13.25. I feel some tax loss selling is in the wind so I plan to sell either the Nov 17.5 or 20 when they are posted on Monday. I find it easier to sell a call than buy a put, I'd rather get money than spend it. If the stock is called away at 17.5 or 20 I still make a profit and with a spread of 3 to 6 dollars I can still buy the call back after the news. (I hope). This is just my method of making money on a stock I plan to stay long on.

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