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Biotech / Medical : Gliatech (GLIA) -- Ignore unavailable to you. Want to Upgrade?

To: scaram(o)uche who wrote (650)	2/23/1999 2:34:00 AM
From: lrb	Read Replies (1) \| Respond to of 2001

Rick, <One other thing.... no sales force..... the Adcons are portable.> I don't know what you meant by this. What does "the Adcons are portable" mean? Thanks, lrb

To: scaram(o)uche who wrote (650)	2/24/1999 12:47:00 AM
From: Asymmetric	Respond to of 2001

Richard, Agreed that Gliatech has lots of irons in the proverbial fire. That's why when I sold the calls I didn't want to go out any further than March. Since the stock didn't react much to what I felt was a great earnings quarter, March 30's looked like an even proposition to me, as institutions seemed to be signalling that they weren't ready yet to get behind the stock in a big way. I also figured that if I got called out, then I'd get the equivalent of 31 1/2 for the stock, ie the high for the stock for the year. Should the stock dip at some point after that below the point where my stock got called, I'd buy back in and chalk up the taxes paid on the gains as the price of an education in learning how to properly write calls. Then of course if the stock finishes at or below the strike price, I get to keep the stock as well as the premium! :-) Cheers. Peter.