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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Herm who wrote (11694)10/19/1999 11:18:00 AM
From: virgil vancleave  Read Replies (1) of 14162
 
Hi all. Been a while since I posted. I am still in the navy and just got back a month ago and see the opportunity to invest again. My most recent ideas. I almost bought rad at 9 9/16, but did not since the bottom was falling out. The nov 10 at the time was worth 1 1/8. Would have been a good trade. I have bought some brkt for 11 7/8 and the nov 12.5 is just over 1, making this a nice trade with a 15 % payout if called out. I like the valuation here with no debt, over a dollar per share in cash, a price to sales ratio of just over 1, and a share buyback recently announced. Also, look at the long term chart (more than 1 or 2 years), and you will see what I do. Stock has shown a nice pattern which as we know is very likely to repeat, giving us covered call players the cahnce to profit a few times on the way.

Nice to be back. The covered call strategy works well, and as you know, I also use puts and covered put positions when the timing is right. The time now is to buy selectively. Today is also my birthday, and it looks much like 1987 did on october 20. Oct 19 back then was a monday and the last week or so looks like history is repeating.....again.
good luck. I will keep posting some picks if it will help anyone. I love the market action and when I run out of cash, paper trade for practice.
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