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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?


To: GS_Wall Street who wrote (20039)4/4/2000 6:54:00 PM
From: Sector Investor  Read Replies (1) | Respond to of 42804
 
<<But boy this hurts.>>

Say What?

I don't understand. If you sold covered calls when the stock was high, got good premiums and now get to keep the stock too, how in the world does it hurt? I would be laughing all the way to the bank right now - then plan on selling them again on the next pop.

If you really wanted to sell the shares you should have done it, not sell calls hoping to lose the stock as well. Long term you can have another 10 bagger here (yeah, I know, a 10-bagger is not enough! <g>) from these levels, and a triple or more (IMO) by the end of the year - plus call premiums along the way (Nirvana).