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Biotech / Medical : Vivus, Why the Slide?

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To: K MAC who wrote (3813)9/23/1997 5:30:00 PM
From: Linda Kaplan   of 3991
 
K MAC,

It's thrilling to have you around. I had to laugh that you sold today's buy. I bought March 35 options today, to fill out my position, which seems far too thin in this stock. Paid too much, thought it was gapping up at the open, so I placed a market order for the calls. Paid 8-5/8 and was annoyed at myself for a few hours. Then I started thinking I could sell them at 9-3/4 today and have no margin costs and a nice little day profit. The ask did reach 9-3/4 but luckily for me, the bid did not, so I still have my options. And I am reminding myself I bought them to round out my position, not to trade. Hey, maybe the NEXT batch I buy, I will trade. :-)

What a perfect stock.

(Thank you, Cacaito!)

Linda
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