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Technology Stocks : International Rectifier (IRF)

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To: Fred Gohlke who wrote (1505)10/9/2000 7:21:24 PM
From: UUplink  Read Replies (1) of 1712
 
I believe that IRF is in a trading range from about 43-66 with a bias towards new highs near the time of each earnings release. Its valuation at present levels is reasonable. Strong earnings growth likely to continue. I've been playing it with covered calls (sell calls in low-mid 60's; buy back in mid-40's; sell again in sixties etc.) Has worked like a charm so far. I see this as a $100 stock within the next year, but no big breakout that would disrupt the covered call strategy.
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