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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (6097)	12/11/1997 10:48:00 PM
From: rkf	Read Replies (1) \| Respond to of 14162

Herm, I'm no mgt. or investment expert, but it would seem to me that this drop in production at VVUS is very normal for a company growing this fast. My only concern would be the Asencio report that effectively says the product doesn't work. If the product truly works, this company is fine. I'm averaging down tomorrow with 100 more shares. Lets do some CC ridin' Kent

To: Herm who wrote (6097)	12/11/1997 10:50:00 PM
From: Linda Kaplan	Read Replies (3) \| Respond to of 14162

Herm, I'm new to the thread and haven't read it all yet, so I don't know if you'll permit me to ask advice, but I'll ask anyway, and will understand if you would prefer I just read the thread first. I'm holding 1100 shares of VVUS at an average price a little over 30. Bought on margin and causing margin calls. I haven't written calls on it. I have or will have, lost all my money in the following VVUS options: October 40's at 2-7/8, quantity 10 December 37 1/2's at 6 1/2, quantity 15 December 35's at 6.67 av, quantity 10 March 35's at 8 5/8, quantity 5 From this, you'd assume I'm wealthy. I'm not. I overextended myself considerably in VVUS and will sustain losses I cannot afford. I can't afford to average down right now, so I also can't afford to write puts. I could write calls if it could be an effective strategy, of course. Do you have any suggestions at all? Linda