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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: David L. Hoevener who wrote (8457)9/2/1998 8:26:00 AM
From: Herm   of 14162
 
Hi David,

In the case of COF, yes at this point COF is oversold. You would do nothing but watch closely. Because COF is still overvalued in the P/E it has more to fall when if/when the next market exit comes. That is the reason why we are assessing the risk/reward.

Think potential fat bear! The technicals go along with the other data presented to provide the clues.
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