Bebe Stores Inc. (BEBE)

[The Dean]

Hey,

I can give you an idea how to play this. Buy the stock now, and sell the Aug 2010 2.50 calls. Do a buy-write.

You will lose just about .02-.04 per share on the stock, but becasue you own it, you will get $1.00 per share dividend.

It's a beautiful play. Of course the stock will decrease by about $1.00 on ex-div date, but who cares? Your going to sell it for 2.50 anyway in 3 weeks.

As long as the stock stays above 2.50, you win! Look at the 5 year price history, it's never really gone below $4 something.

Good Luck,

Scott