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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?

To: Dave Williams who wrote (2473)	5/13/1998 10:00:00 PM
From: Solid	Read Replies (2) \| Respond to of 9523

A 'Good' Option lesson- I had Apr. 100 calls. Cheap, but still $1400 for ten contracts. Then price really dropped, 'I'll avg. down and buy more!' 15 more contracts for like $400. 'Ah, Viagra sales figures at noon today, Joe kernen on CNBC lead off story in am...its gonna fly!' Story at 1 that day- Great figures! But a little later stock not up much...uh-oh...thinks I, better bail while I still have several 'hundred' dollars of value left. Sold all of them for like .375. Got my few hundred dollars, next day up to what $5+. Lost out on a cool $5G profit by not holding and instead playing the conservative tune, after I'd already lost half the initial strike amount. Then I find out PFE tends to go up the day of expiration..oh well. A powerful lesson. Hope it helps someone else. PFE is still an incredible play, now I'm June 105 calls and Jan 120 leaps. '...and miles to go before I sleep, and miles to go before I sleep.' Solid