Totally missed the boat -- now looking ahead

Trades:

• None

Gut Check:

• Looking back, what I should have done was reverse my position early in the week. Immediately buy it back, and buy a Covered Call (to sell later) since the price was trending upward quite quickly.
• Now, the price seems to have flattened a bit even though it gained almost 20 cents yesterday. After-market was down.
• I was thinking of buying a Call and hoping it would ride up 10 cents or so, but at the same time I think I've also had enough speculation. Price speculation was never part of the plan. Trading only what I immediately see was the plan.
• There's another earnings conference call on May 7th. The last one caused the price to drop. If there's good news here, it might move the price up. I could...
• Sell the May 18th Strike 14.00 covered call this week. And if the price trends downward, exit before May 7th if there is still profit to be made, in case the conference call causes prices to jump.
• Queue to sell a May 18th Strike 14.00 at Limit 1.00. This is a lot more than the last price of 0.40, but if the price keeps moving up, it might actually be feasible. In any case, I can adjust the price based on price movements tomorrow. I would also therefore be participating in the upside without cash outlay (buying a call to sell later).
• Wait till the conference call on May 7th before doing anything.
• Right now I have basically no cash in the account, just the stock. And I don't want to keep shoring up the account with more cash. Not yet. After I handle my taxes, I'll think about putting money into another position or two.
• Can the stock rise 50 cents in the two remaining days? I'm thinking of a Strike 12.00 Covered Call and let it go to expiration.
• The Bid closed at 0.11 yesterday. A buyback even at 0.01 would see fees eat up a lot of that. I should wait till mid-day to decide.
• Possibly wait till Friday, although by then time value would be next to nothing.
• After-hours price yesterday was 11.36, so I'll definitely have to look at pre-market today (April 26th). A Bid price of 0.04 is the least that will still show some profit after commissions.