How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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

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To: tuck who wrote (11250)	7/22/1999 6:29:00 PM
From: Herm	Read Replies (3) of 14162

ITDS Bargain basement prices today! Hey Tuck! This is the kind of vipers that come along and can clip your wings. I'm betting the stock will rebound for a quick 2 bucks. The blip came on my screen and after a few background fundamentals checks and reading the charts I snatched up a chunk of shares for the technical bounce that is sure to come. This stock was oversold big time on panic selling. I hate to see people get killed. But, it should be some easy money this week. I would write covered calls at some point, but, the open interest is very low. The price now puts the P/E around 9.6 times earnings. That's a joke in the market today. NASDAQ: (ITDS : $10 1/8) $129 million Market Cap at July 22, 1999 Employs 200. Trades at a 67% Discount PE Multiple of 9.6 X, vs. the 29.2 X average multiple at which the Data Processing SubIndustry is priced.

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