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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (32349)9/7/1998 5:46:00 PM
From: Deep IntheMoney  Read Replies (1) of 132070
 
Thread, I am trying to figure out a repair for CIEN.
This dog has defied all predictions. The day they announced
the .8 deal, I had order to sell at 37 1/2(ask 37 1/8) as it was on an uptick. Came back from shower and it had disappeared from the
radar. So much for greed.

Eventually I sold 2/3 shares at 32(after seeing lows of 26).
On friday I bought back the Sept 35 calls I sold for 5 1/4 at 1/8
to close. That leaves my Sept 30 calls free. My net cost on
the calls was $3 but I am trying to get as close to my net.

I am thinking of buying back 2/3 shares to bring my Nut down.
Do you think this dog has any surprises left.

thanks,

Deep
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