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Biotech / Medical : PLC Systems

PLC 30.13

0.0%

Dec 14 4:00 PM EST

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To: John F. Dowd who wrote (582)	3/27/1998 1:17:00 PM
From: pwrmstr	Read Replies (1) of 1202

I'm waiting to see what happens to the price of the stock and the May puts before I decide how much I want to hedge. Given that my basis is around 13, I can essentially guarantee that I won't lose money by buying the puts but the high premiums are a deterrent. I could also sell right now at 19 and lock in profits, but I am too greedy to do that and plus I feel confident that the company will get approval and that the stock will see north of 25 very soon. Decisions, decisions...

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