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

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To: Shell R. Poust who wrote (9212)	12/3/1998 8:27:00 AM
From: Herm	Read Replies (1) of 14162

Hi Shell, As far as the oils, the stocks and the price of a crude barrel of oil below $11.00 or so is continued bad news for that entire industry. So, I would keep a close eye on it because it may be a rock bottom bargain at this point. The fact the oils recently bounced up somewhat and are backing down now shows the MMs and funds are starting to play with them. This next downward move may be the climax of the double-bottom chart pattern which is very bullish and often leads to upward price gaps. Keep us posted weekly and we may be able to pick up a few kahunas! CPQ - Upper BB Tag - Price Correction or price gapper? I don't think CPQ will make it this time around to a new 52-week high which it has attempted twice before. The $38-$39 price range is going to introduce some stiff overhead resistance as holders of CPQ shares purchased at $38 previously will be tempted to dump, break even, and move on to another stock. In their eyes, they have waited a long time to be able to recover from a paper lost. CPQ is much too overvalued! NYSE: (CPQ : $36 9/16) $61,430 million Market Cap at December 2, 1998 Ranks 55th in the Fortune 500 on Revenue & 59th on Profit. Employs 18,865. Trades at a Premium PE Multiple of 79.3 X, vs. the 30.7 X average multiple at which the Computers SubIndustry is priced. askresearch.com DELL - Tagged That Lower BB and Bounced Off $60 Just A Predicted! I don't think DELL will make a new 52-Week High! NASDAQ: (DELL : $66 3/16) $92,133 million Market Cap at December 2, 1998 Ranks 174th in the Fortune 500 on Revenue & 156th on Profit. Employs 10,350. Trades at a Premium PE Multiple of 63.0 X, vs. the 30.7 X average multiple at which the Computers SubIndustry is priced askresearch.com

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