Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (9833)	3/2/1999 6:35:00 AM
From: virgil vancleave	Read Replies (1) \| Respond to of 14162

If yo notice on the chart, it ran into strong overhead at 30. Look back to where it dropped on high volume a while back. It was at or slightly above 30. Thus, these investors waited long time to "break" even and started bailing when it neared that level again. While longer term, it may go up, it is my opinion vrtx will trend lower first with a possibility of retesting the recent low. It is now below the 200 day moving average and has bounced off the 50 dma to trend lower again. Fundamentally, the company has no debt and $10 + per share in cash. But they are losing money and will continue until they get some products to the market. Too risky for me. But that is just my opinion. good luck