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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (7268)	4/13/1998 1:26:00 PM
From: R. Gordon	Read Replies (1) of 14162

Herm, >>>you still would be eligible for damages if the class action is successful. As long as you have copies of the brokerage transactions. You don't have a dime to lose at this point. Yes, this is true - I got hurt badly with SIII - these law suits hurt the company and make mountains of money for the lawyers. The people who stole the money usually get a slap on the wrist and have to repay a portion of their loot --- and the stock holders usually get back a few cents on the dollar. These deals are almost always settled out of court and no one goes to jail. (Unlike the poor slob who steals a stereo out of someone's car for the third time and goes to jail for life.) Billions of dollars get stolen every year this way. Nearly every day new stocks are listed as having class action suits against them. Often stocks will go up for a few days or a week after such news and then begin to fall. If you recall, I expressed concerns back in mid December that this may have happened to VVUS. Sorry to see such a nice guy get mugged. Richard

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