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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Douglas Webb who wrote (4282)	9/1/1997 4:40:00 PM
From: Herm	of 14162

Yes Doug, I noticed how quickly you were able to program the neat sort. You have some serious programming skills. A stock's trading pattern may not change that radically in a month. By that, I mean the numbers average out to more useful information anyway. You may consider placing only the stock mentioned in the cheap list recently and give it a title heading of some kind. Otherwise, anyone can still enter their individual stocks of interest. More info on CREAF which is really getting my attention enough that I'm going to buy the Oct calls tomorrow in preparation of being called out of TECD in September. I know I'm going to be called out since I went pretty deep in the money on the CCs. So, I wanted to start buying cheaper stocks anyway! CREAF Additional Info: According to IBD CREAF has a EPS of 75 & RS of 98. Ten (10) mutual funds have large positions in the company at this time. The last three quarterly reports have been SUPER. 12/96 +143.04%, 3/97 +58.24%, 6/97 +15.85% and the next earnings report is due out in mid October. Zack's Research issued a "strong buy" for CREAF. The company purchased a large share of Cambridge Soundworks which makes top quality speaker systems. My friend has a theater sound system with Cambridge and I can tell you they don't make cheap junk. They are an upper quality speaker maker. Again, the major incentive for CREAF is 1. strong growth potential with a PE that is dirt cheap at 8+. 2. the timing right now is perfect to springboard off the lower Bollinger Band 20-day moving average this week. So, it won't get any cheaper anytime soon. 3. the stock is moving towards the earnings report in October, so you would expect the company to move higher in the month of September to test the recent 52-week high of $25+. That's a 24%+ appreciation in stock price and another 6% to 8% per month off the CCs without losing too much sleep at night since CREAF does not move up/down that fast with a medium ROT of 59.64 per month or 36.33 days to turnover.

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