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Technology Stocks : CONVERGYS CORPORATION (NYSE: CVG) -- Ignore unavailable to you. Want to Upgrade?

To: ALTERN8 who wrote (91)6/18/1999 5:27:00 PM
From: Sethpop  Read Replies (1) | Respond to of 135
 
Sold Covered January 22.5 Calls against current position and received $3.875/share. This is a strong premium (31% p.a. rate) for 7 months. Basically caps the upside till January at 26.375....but provides good cushion for a correction. Last time, sold calls and was able to buy them back for nominal amount shortly thereafter when the stock retraced. Would certainly do that again.



To: ALTERN8 who wrote (91)6/18/1999 6:21:00 PM
From: Dennis J.  Respond to of 135
 
Thanks. Given the internet announcement, and latest earnings and related comments on earnings growth approximating 25%/year, is it reasonable in your opinion to project the 12-month price target at $1.20/share x 25 p/e multiple = $30 per share?


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