Replies to post #19414 on Wave Systems Corp. (fka WAVXQ)

[cpa]

tampa,

Well, I din't give you all the story. For every share I bought, I sold a May 2004 $2.50 call option and pocketed the $.50 to $.55 that I sold them for. So, my cost per share is between $1.37 and $1.42.

Even I think Wave won't go that low in that short a time frame. If it goes over $2.50 by then, I make over 76% in a six month period.

Pretty good risk reward ration in my opinion.

CPA

P.S. That you guys who bought those options. ;-))