CorMedix Inc (CRMD)

[timberwolf7]

First, no need to worry about defending management with me. I didn't start riding this one heavily until it was down around 20-25 cents/sh... And as far as managements actions go? If I decide to stick around with an awareness of what they are doing, then its my 'responsibility' for my decision to do so.

Anyways, share price got the hit, but finally saw a 'buy' signal develop last week (forget the day I posted about it on the IV board). At the time, I picked up around 4000 shares at $4.14, promptly sold the Sept $4 calls for a 'net' gain of 64 cents/sh if I lose the shares at $4 on Septs OE day. (this buy was purely for the gains off the calls). And as that day approaches, I will look at what I paid for the calls, what it will cost to buy them back to close them out, and what I can sell another round for (most likely the $5s if I keep the shares).

And again, if I lose the shares, I am ok with the 16% one month gain...

Good luck...