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: Hunt who wrote (6015)	12/3/1997 10:14:00 AM
From: Herm	Read Replies (2) of 14162

CREAF has taken a drop which is not out of the normal price cycle. In fact,CREAF trades at a 52% Discount PE Multiple of 9.0 X, vs. the 18.9 X average multiple at which the Retailers of Electronics & Computers SubIndustry is priced. FIRST CALL Consensus Estimates Snapshot for CREATIVE TECHNOLOGY LTD (CREAF)Fiscal Year Ending 30-JUN-98: Period Year Ago EPS Mean High Low #Brokers Expected Report Date Dec97Q 0.64A 0.81 0.86 0.77 6 02-FEB-98w --------------------------------------------------------------------- CREAF chart indicates a bounce off the lower BB should come this week! The RSI is below 30 and as of this writing the stock was down. So, it looks like the third down day blow out before the reversal. Our CC writing (at the money) technique up to this point would have cushioned the price drops significantly! Hence, leave you with more money to not use up as much margin in your portfolio. Hang on, and buy more!

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