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: sailor who wrote (4530)	9/8/1997 4:30:00 PM
From: Herm	of 14162

I holding 10 CREAF Oct. 20s Calls which I plan to exercise after I get called out of TECD in the Sept. expirations. I paid $2 and today CREAF went as high as $3 1/2. The BBands and RSI readings are looking real good for a good price movement to the $24+- by late Sept. The CREAF earnings will come out around October 24 and this current up cycle will be the third attempt to break through the $22.75 resistance level before heading towards the 52-week high of $25.25. The stock is still selling at a 50% discount relative P/E for it's industry group. A good earnings report could lanch this company forward. The new capital gains tax laws and the housing tax laws will allow quite a bit of money to remain in the hands of middle and upper income families. Not to mention the profits from the stock market. It is believed the outcome will be money being redirected into housing, cars, and home entertainment electronics like DVD technologies and theater sound systems, multimedia computers. CREAF should be right in there! The Cambridge SoundWorks speakers are a big seller at Best Buy stores. The home entertainment industry is forever coming up with something new. The MMX processors and 200 mhz + machines are going to make CD-ROMs and/or sound cards as common as a TVs or phones. That will mean lower prices because of competition. Hey, they can sell CD-ROMs pretty cheap in Singapore compared to anywhere else in the world.

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