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Biotech / Medical : PLC Systems
PLC 30.130.0%Dec 14 4:00 PM EST

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To: pwrmstr who wrote (578)3/27/1998 8:40:00 AM
From: John F. Dowd  Read Replies (2) of 1202
 
Dear pwrmstr:

How much insurance are you going to buy with puts. If they don't get approval won't it drop like a stone. In other words how much profit can you give away on puts? I guess it is different from person to person depending on their cost basis but if you look at the puts it appears that everyone is hedging the FDA decision. April puts are relatively cheap but then look at the May prices. Big premiums. Maybe there is money to made selling the puts if you are bullish. Does this stock have a life after the 24th?

JF Dowd
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