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

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To: Steve Emmert who wrote (7531)	5/29/1998 8:14:00 AM
From: Herm	Read Replies (2) of 14162

The BTGC July 10s were ccing around 3/8s last week. That is what my 7 CCs sold for. BTGC appears to be bouncing off the lower Bollinger Band and the RSI is approaching the 50 reading. The upper and lower bands have narrowed making for low volatility and lower premies. There has been quite a bit of biotech and drug FDA approval announcements lately. That should have overall the lagging biotech industry stocks. BTGC held up quite well from the Nasdaq shakeout recently. There was one trading block made yesterday. ------------------------------------------------------------------- Last Sale:$8 1/2 Prev. Close:$8 5/16 Chng:+3/16 Tick:Dn Last Volume:1000 Last Traded:05/28 03:57 pm Volume:209,900 Large Blks:1 High:$8 9/16 Low:$8 1/4 Bid:$8 1/2x10 Ask:$8 9/16x10 52 Wk High:$15.625 09/22/97 52 Wk Low:$7.25 04/27/98 --------------------------------------------------------------------- NASDAQ: (BTGC : $8 1/2) $400 million Market Cap at May 28, 1998 Trades at a 24% Discount PE Multiple of 24.3 X, vs. the 32.1 X average multiple at which the Drugs SubIndustry is priced.

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