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Strategies & Market Trends : You buy a stock. It goes down, now what? -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (64)	7/9/1998 2:41:00 PM
From: Investor2	Read Replies (1) \| Respond to of 112

Please explain, "The options point of maximum looks to be 17 1/2 or 20." Thanks, I2

To: Bald Eagle who wrote (64)	7/23/1998 11:30:00 AM
From: Bald Eagle	Read Replies (2) \| Respond to of 112

Out of ADPT ADPT, which I originally bought at 23 1/8 is looking really sick. Tonight, the earnings are announced. I sold at 12 5/8, because I have a bad feeling about what they are going to say. However, through selling covered calls I had reduced my basis to 17 and change. So instead of a 50% loss, I took less than a 30% loss. Not good, but those calls saved me some money. Let's hope I don't have to come back to this thread with another case study any time soon. Any suggestions on what to do with my ADPT money?