We know Kry is being manipulated and kept down and I believe it is the takeout buyer(with permit) that is keeping the pressure on the downside. IMO Kry gets hit is volume - roughly 10 - 20X volume of Grz on any given day. If you are selling(either shorting or selling from a position) you want volume to quickly cover the shares sold. Hopefully when the permit comes, the volume drys up -leaving them all dressed up with no place to go other than a much higher price. Apparently the seller/s think there will be alot of shares being sold by people just wanting out - even or with a small profit. I believe they are wrong as anyone who has worked the #'s knows this is a $10+ stock down the road.

With that in mind, I agree Kry will be much higher than the $2.50 call w/permit - I just don't want to give up that $1.70. With the stock at $2.25 now the Jan09 $2.5 would be trading at $.60 - $.75 - there you'd only be losing $.80 or so and you could still control 4X stock for the same $ as buying the stock. In that situation, I agree with the option position vs stock. I think options vs stock is not a science, but an art and there are going to be differing views in any situation.