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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: BDR who wrote (280)	4/26/2001 1:22:01 PM
From: Uncle Frank	Read Replies (3) of 5205

>> With SEBL at 44.11 the May 50s are selling for 2.30. I haven't read anything to explain why the market values it at nearly twice what it did a month ago. Sebl hit a 52 week low of 22.95 on April 3 Imho it was driven by pessimism related to a rash of nasdaq companies issuing 1Q warnings, and sector problems such as orcl's forward outlook and the itwo difficulties with Nike. But there were never any specific sebl problems reported, and it turns out the gloomy assumption that they would disappoint was unfounded. An excellent earnings report, a surprise fed cut, and a few nice reports from software companies have all occurred since sebl's April low. I think it is very possible that we could see sebl back in the 50s in the near term, and I've delayed writing April cc's for that reason. bwtfdik? duf

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