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Biotech / Medical : CEPH -- Ignore unavailable to you. Want to Upgrade?

To: Mike Farrar who wrote (619)	3/30/1998 12:29:00 PM
From: Craig Ferguson	Read Replies (2) \| Respond to of 998

True, but since John B and I both see 20-25 very possible, April 20 calls are a real steal. But better get them before the "buy on rumour" people start coming in to push this stock to 15-16. From say 16, 20 is nothing, for sure a +4 rise is possible on a recommondation April 9th. Risk:reward is appealing. Drop 20 contracts on an April 20 call, should barely hurt most people if they expire worthless, but can be potentially rewarding. Then can do the same thing over again in May. It was easier last year when stock was in the 20's, where one could execute a spread since there was equal upside/downside potential. However, since stock is not much off it's lows, a straight call play seems to be the answer. We have to start watching the volume closely now as we are T-10 days and counting. Let's hope three times is a charm.