[krishan]

Can you even leverage 10x on stocks? What about margin requirements?

I'm long wrls on my own for 6 months or so. Near term catalyst is reporting a crappy portion of the segment as discontinuing operations highlighting the value of the remaining segment. 6 month because there is a huge push for their product through February '08 (maybe longer) due to FCC ruling. Not bullish long term because their main competitors are actually currently partners and the partnerships won't remain long term.

I don't have a stop loss. I'd sell or hold based on the guidance provided next quarter and the stocks reaction. They should guide to a sequential increase in revenue Q4. Depending on the reaction I'm either selling after the quarter or holding through Q4.

I would sell at 9.00 if it gets there before the earnings release.

Krishan