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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: EJ who wrote (7231)	4/6/1998 2:03:00 PM
From: tuck	Read Replies (1) \| Respond to of 14162

EJ, So you're in CYBR, too, eh? I bought a few weeks ago at 7.5 thinking the bad news was priced into the stock, and wrote April 7.5 calls. Since then a competitor has come out with a strong product, and class action suits have been announced and re-announced. I am hoping it can recover at least to the low 7s. I intend to get out if it makes it that far, unless the premies start getting attractive again. My personal opinion is that the company is badly hurt right now, and may never recover. Thus I would sell on a bounce above 7 to retain a shred of profit. What is your take on the stock's prospects by or shortly after April expiration? Tuck