CARRIER ACCESS (CACS)

[Kirk]

RE: "Oct 21 and 22 we agreed the stock was easily worth $16, and I hoped for $10 by New Years."

Yes, I remember that well. I calculated fair market value without a premium for growth to be $8 to $16. I tihnk it was going from $4 to $6 at that time.

I've been playing the swings a bit with a fraction of my shares in the newsletter and my personal account.

For the newsletter:

Out at $14.25
in at $11.50
Out at $16.00

I have the "break-even" point for the newsletter now down to 21 cents due to some of this trading!

I'm hoping my taking profits here is what it takes to push it to fill the gap to $20... so the much larger long position goes up! :)

I've found it is so much easier to trade from the long side when you are well ahead. -snort

I agree on your targets which is why I still have a considerable long position. :)