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Strategies & Market Trends : Covered Calls

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To: tchphysics who wrote (64)	5/17/1998 6:47:00 PM
From: Brad Griffin	Read Replies (2) of 86

Powerhouse Technologies PWHR is ranked 5 of 40 in the Leisure & Rec/Gameing Industry. Two analyst recommendations - Strong Buy & Moderate Buy. PE is 16.3 vs 26.7 for the industry. Is priced at a discount using projected 98 EPS of 60 cents and 26.7 EPS ($16.02 vs $9.875). June $10 call currently offers an 11% return. A new CEO in July when the stock was $4. IMO the price will move between $9.50 and $10.50 but no lower than $9.50. I entered a limit order to buy at $9.50 today. I would like a 50 cent capital gain in June. Added to a $1.00 premium on the option for a 15% total gain.

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