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: Shell R. Poust who wrote (13491)	1/22/2001 9:44:11 PM
From: Herm	Read Replies (2) of 14162

Hello Shell, I don't know if I would buy the stock for sure. Writing the spreads as you suggested might be much less risk and the ROI is quite high. Looking at the US Utility Index it appears like a slight technical rebound with more sideways to downside coming. At this point, I see an RSI moving back towards the 50 marker on the daily chart profile. The upper is moving downward and the lower BBs is still heading south. So, there is no way the industry will make new highs anytime soon. stockcharts.com[L,A]DACLYYMY[DF][PD20,2!C20][VC60][IUB14!LG!LF] PCG has an annual growth rate of around 7.19%.$3,774 million Market Cap at January 22, 2001 Ranks 130th in the Fortune 500 on Revenue & 1100th on Profit. Employs 22,433. Trades at a 71% Discount PE Multiple of 3.9 X, vs. the 13.5 X average multiple at which the Big-Cap U.S. Utilities SubIndustry is priced. Even the oil and gas index is sideways at best! stockcharts.com[L,A]DACLYYMY[DF][PD20,2!C20][VC60][IUB14!LG!LF]

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