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: Tony B who wrote (8208)	8/14/1998 4:40:00 PM
From: Herm	Read Replies (2) of 14162

Hello Tony B, The Lord blessed me with another kahuna today! Paid 11/16s about two weeks ago for the TLAB Sept 60 PUTs and today they are worth $6. WOW! Man, that made my week! This week I was feeling like I would have to eat humble pie with TLAB. It has been jerking me around. I could not figure what was holding this stock up with the chart so right! It is WAY OVER VALUED! The volume was dropping off and this sucker kept going up! Over 33 million shares traded today. P/E VALUE NASDAQ: (TLAB : $58 1/8) $10,548 million Market Cap at August 14, 1998 Trades at a 55% Premium PE Multiple of 31.4 X, vs. the 20.3 X average multiple at which the Communications Equipment SubIndustry is priced. I'm checking out the chart over the weekend. TLAB may have more fat to shave off! Once these over priced stocks are pushed over the edge they keep dropping like rocks! Now, do you see what I mean by taking my CC premies to speculate on other opportunities. I just made money off my CCer premies to make up for the terrible BTGC come back. BTGC was a real dog this week. It is not acting normal at all.

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