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

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To: Andrew Williams who wrote (8688)9/25/1998 1:08:00 PM
From: Herm  Read Replies (1) of 14162
 
Well Andrew,

You have been milking BSX for a long time now! Wow! You are made
several kahunas! I did not forget BSX. If you recall, there was a
reader who had a different point of view than me about BSX claiming
analysis just issued a buy recommendation. Well, there is a conflict
of interest with some of those analysis. I try to do my own homework
and technical review of the situation. If the charts and P/E spells
TIMBER I will go with that before I follow the TV "experts!" I just
did not mention it on this forum. I sat back and watched the outcome
to take place. I'm no smarter than the rest of you and I do make
mistakes!

You should be able to ride BSX down to $45 EASY! That is massive drop
from $70! Goes to show you, they fall like rocks when the time comes!

Before I forget! In order to post the charts from askresearch you must
remove the end of the line up to the RSI=??. See what I chopped off
the BSX chart below! Check out the RSI nose dive. No support until
$45 MAYBE!

askresearch.com

Delete this part of askresearch.com chart to post!
&macd=12-25-9&roc=16-8&mfi=13


OUR BSX BEAR TRAP ANNOUNCEMENTS!
Monday, Aug 31 1998 5:47PM ET
Message 5635686

Wednesday, Sep 2 1998 6:13AM ET
Message 5650209

Wednesday, Sep 2 1998 8:21AM ET
Message 5650537

BSX P/E VALUE

NYSE: (BSX : $54 7/8) $11,002 million Market Cap at September 25,
1998 Ranks 706th in the Fortune 1,000 on Revenue & 425th on Profit.
Employs 9,320. Trades at a 15% Premium PE Multiple of 29.7 X, vs. the
25.9 X average multiple at which the Medical Products SubIndustry is
priced.

PS I did not forget the short against the box summary. I'm
thinking about it and will have something this weekend. I had the day
off today because of the hurricane Georges in Florida and it has been
one deadline after another. Luckly no real wind/rain damage in my
area in West Palm Beach.
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