How To Write Covered Calls - An Ongoing Real Case Study! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JamesT who wrote (5501)	10/20/1997 7:56:00 AM
From: Herm	of 14162

Welcome to the forum James, Thanks for helping us maintain our number one rule to "not lose money" on this forum. As far as VVUS is concern. This company has a 45% estimated annual growth rate which is unreal and everything you read about VVUS indicates that the stock is undervalued at this price level of $30. So, it is reasonable to expect another round of capital appreciation for VVUS to $45 - $47 level within the next two months. Recent VVUS Chart History: "What it is, is what it is!" VVUS is repeating a charting pattern which has occured twice this year so far. Each event occurs about two months apart. On 5/14/97 VVUS reached the bottom at $15 1/8 and then proceeded to gyrate up/down back up to $31.25 on 7/17/97 just around the earnings report time. Of course, after that VVUS headed south on strong profit taking. VVUS then hit bottom at $23 3/4 on 8/19/97 (which is about when we joined the party as a CC workhorse) and two months later on 10/07/97 it peaked at $41.00 AGAIN just around the earnings release date. Once again, VVUS profit taking pulled the stock down to the current levels. There is a strong possibility that VVUS is going no lower than $28 to $30 for there is very strong price support levels and no change in the fundamentals. VVUS IS A BUYING opportunity at $30! And, I would bet that VVUS will once again start to climb for the next two months back towards $45. It will be up/down and sideways just like before! For CCers that's ok! We can milk that baby all the way back up! I'm in for another round! Although, I may pack it in after this next trip.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next