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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: LastShadow who wrote (3102)10/18/1997 11:22:00 PM
From: jim olsen   of 120523
 
CTS In a posting on Oct. 8 you mentioned this stock which is splitting 3:1 (date of record 10/24) as one to consider. With Fridays option expiration I have some dollars freed up (covered calls). CTS closed down 9 on Fri. @94 on good volume. Given the psychology of the 1/3 rd price "devaluation" when it sees the market--the third week of November I believe-- when do you think is a good time to enter?
I have read every post for the last two weeks (when I discovered this site) and have been "living" here and on the 56 Point TA...thread.
My first buy was SCOP as discussed on this thread and was a pleasant introduction getting in at 12 and seeing it touch 15 this week. Sold the November 15 Call for $1.50, nice return on the margined 12 and if it's called away at 15 I'm happy with the return.
TIA, your informed opinion is greatly appreciated.
Jim Olsen
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