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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (11291)	7/24/1999 2:23:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

ABTE - A Bargain Waiting For You! ABTE is right in my back yard of West Palm Beach, FL. I have been watching this puppy for some time now. The CEO just forked out some heavy dollars to buy up shares. A major contract is finally opening this week. The P/E is VERY cheap for this industry group. Open interest is plentiful and begging for CCers. NASDAQ: (ABTE : $11 3/16) $118 million Market Cap at July 23, 1999 Trades at a 69% Discount PE Multiple of 14.9 X, vs. the 47.5 X average multiple at which the Cellular & Telephone Services SubIndustry is priced. As I write, the technicals are typical of a breakout to the upside. Note, very narrow upper and lower BB with a divergence now forming. Note, a break though the overhead resistance price and closing above the $9 and now the $11.00. Earning release date is coming up soon. A new 52-week high of say $23 from the current $11.00+ is possible here. Stocastics is positive, RSI still has room to increase, OBV is positive and still moving upward. The simple moving average is upward. iqc.com In short, quite a bit of upside potential compared to any downside risk at this point!