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: jaytee who wrote (13409)	11/9/2000 8:20:45 AM
From: virgil vancleave	Read Replies (1) of 14162

jaytee: If my memory serves me correctly, ames reports earnings today or tomorrow, which might be the catalyst to propel the stock and reverse the current trend. Retail is usually strong during this time frame and strength has been coming back to some of the others such as anf, tom, etc. I am now back to the starting line again since I am in all cash right now. I think I will wait awhile or maybe short something unless I see the current market environment change. The opportunities on the short side are more attractive return wise right now. Yesterdays market action just confirms my point about the bear and the short covering rally of a few days ago. One bubble which has not burst yet is the biotech industry. But, unless your timing is right, you can get walked on shorting them stocks. One short idea I like for now is oat. HUGE debt and overvalued on a price to sales model. But, I like it above 90 and since I have had the cash now, it hasn't been able to move above that level. Just my opinion. Good luck virg

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