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Strategies & Market Trends : You buy a stock. It goes down, now what?
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To: Bald Eagle who wrote (64)7/23/1998 11:30:00 AM
From: Bald Eagle  Read Replies (2) of 112
 
Out of ADPT
ADPT, which I originally bought at 23 1/8 is looking really sick.
Tonight, the earnings are announced. I sold at 12 5/8, because I have a bad feeling about what they are going to say.
However, through selling covered calls I had reduced my basis to 17 and change. So instead of a 50% loss, I took less than a 30% loss.
Not good, but those calls saved me some money. Let's hope I don't have to come back to this thread with another case study any time soon.
Any suggestions on what to do with my ADPT money?
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