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American Science & Engineering Inc. Message Board

  • reallysure2000 reallysure2000 Nov 9, 2005 9:55 PM Flag

    stung by downgrade

    i for one got screwed by the downgrade this am .i bought at the open after seeing pretrade and bought back my covered 60 call at 9.90.i thought with the small floatand the short interst that this stock would act like qcom and tightly squeeze the shorts above 70.i am long the stock and bought the nov 65 calls at the open ,which also was at the should i sell tomorrow or hold till expiration ? any comments are welcome

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    • If U like the #S today and U understand that FUNDAMENTALS are the key for stock price than HOLD it.

      Ne w technology, Huge market, Great mngmnt, $0 debt, very close to all time high price. What else can you ask?

      The day that the TSA will annonce the contract...o Boy it can be like QCOM in 1999..


    • I've been where you are and this is what I have done. Keep your 65's, dont sell just yet. Make sure you have cash in your account so that next Friday, options exipiration day, you can rebuy the same number of 65 contracts out another month, then cash in your Nov's. This way, you wont miss out if you sell prematurely and it just becomes a waiting game, but eventually the odds are you'll get your money back and then some. GL

      • 1 Reply to konigssee
      • thanks ,that make a lot of sense.intially ,i bought this stock yesterday as a good covered call write nov 60 call for 4.50for 9 days .but after reading several of the posts and doing some dd ,this stock is a keeper and the reason i bought more calls today .what do you think happens tomorrow ? thanks to all of the posters for their research ,i am now on board for the long term

43.54-0.61(-1.38%)Nov 25 4:00 PMEST