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Biotech / Medical : FPA Medical Management - FPAMQ

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To: Ben Beale who wrote (978)7/20/1998 2:28:00 PM
From: ccportfolio  Read Replies (1) of 1110
 
Well guys.... its been fun...NOT.... From my first 100 at 20/share through an averaging down to 2000 at $3.00/share.... I'm done with this one... Sold today at 7/32....ouch ouch ouch.... I just can't imagine who's buying though with a news release saying essentially existing equity owners are s.o.l. No real anger here, my mistake for playing this thing based purely on the great premiums to sell covered calls on at 20... of course...there's usually a good reason for high premiums...and I found it... my only regret is I panicked and did not take my loss early on....instead I averaged down...bad money management...

Well... Thank goodness for my Dell calls last week...

Guys, its been fun.... the only thing I'll do from this point on is occasionally check the status of the class action suits against FPA...

Moving on.....
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