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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Georgecc who wrote (11057)6/17/1999 3:21:00 AM
From: FruJu  Read Replies (2) of 14162
 
George,

I certainly don't have any inside knowledge, so it was probably just a "gut feeling" on my part too; but backed up by the extremely negative sentiment amongst SI Oracle forum participants (I usually use this as an excellent contrarian indicator - for example, Compaq is another example where I'm very tempted to make an initial entry based on overwhelming negative sentiment in the Compaq forum, or Compig as they like to call it there).

The other reasons were the overwhelming confidence from Larry Ellison when he appeared live on television the other night on Charlie Rose.

But most important was just that everywhere I look in the Internet world, I see Oracle, Oracle, Oracle installed as the backend database. As Larry said in the conference call, they don't even bother tracking Sybase and Informix any longer. SQL Server is just not scalable, and IBM still doesn't know how to sell on Unix.

But yes, the sideshow calls were from my point of view a great investment, since I was only risking $720 which I'd already pulled in two times over by selling the covered calls. Yet I made 350% profit on the sideshows overnight.... and it was pretty much following the WINS approach (+ a little bit of hpeace's advice to buy the upstrike calls in advance of earnings announcements).
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