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: tuck who wrote (9646)	2/16/1999 8:03:00 AM
From: Herm	Read Replies (2) of 14162

Hi Tuck, CHRZ P/E - SUPER CHEAP! CHRZ is very undervalued at current levels. A very nice 29.67% growth rate with increasing revenues and earnings with only a 12.2 P/E. WOW! CHEAP,CHEAP! NASDAQ: (CHRZ : $17 1/16) $462 million Market Cap at February 12, 1999 Trades at a 73% Discount PE Multiple of 12.2 X, vs. the 44.8 X average multiple at which the Software & Services SubIndustry is priced. CHRZ TECHNICAL CHART - NEW BOTTOM - EXPECT BOUNCE! iqc.com According to our WINS approach, CHRZ has just completed the dump and a solid double-bottom chart pattern. Note the increased volume. Weak hands have folded!!!! Short interest had dropped big time and now the stock has announced a stock buy-back. Good news in this case. The earnings release today was also very good. biz.yahoo.com biz.yahoo.com So, lower BB was tagged two days ago and the RSI is at a low 23.99 and it was lower two days ago. It is now curving upwards. Expect CHRZ to rebound from $17.00 to the $25 before overhead resistance kicks in! The company may save their reserves for the block purchases at the $25 marker to help overcome stiff resistance. Just watch that BB and RSI along with the trading volume! The market should open to the upside until DELL releases their numbers. That may send the NASDAQ into a tail spin. Although, I think that discount is already been factored into the market considering how much it has pulled back the last week. SUMMARY Buy and ride CHRZ until it peters out and then lock in deep in the money CCs for the sideways/downward profit taking. Very good lead Tuck. Thanks!

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