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Technology Stocks : Covad Communications - COVD -- Ignore unavailable to you. Want to Upgrade?


To: Captain James T. Kirk who wrote (2393)11/21/2000 1:19:11 PM
From: BoyTrader  Read Replies (1) | Respond to of 10485
 
Now I see what you were getting at. However, I don't think that would lead him to write that COVD is going belly up. Just my opinion.



To: Captain James T. Kirk who wrote (2393)11/21/2000 1:19:49 PM
From: BWAC  Respond to of 10485
 
I mean at this point. What the hell. I've paid more for month out options and lost it all. So at this point in time, why not just think of COVD shares as an option premium.

Lost money is lost. It is gone. If you sell today where are you going to put the proceeds? Where ever may make money, but it will take one heck of a % return to get your money back. Shit I'd rather just sit here and watch the $3 evaporate than sell it to somebody else, AND LET THEM HAVE THE CHANCE TO PROFIT. I paid the price, I've taken the loss down, what's another $3 at this point. Thats immaterial to the other $7.