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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 (11294)	8/13/1999 5:49:00 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 14162

Herm, ABTE - A Bargain Waiting For You! Nobody seemed to get too excited about this when you first posted it, but some of us were paying attention. If you liked this stock at 11_3/16, I assume you love it coming up off 7_3/4. Based on the forward looking earnings estimates, I picked up some shares a few days ago at 8_1/8 following the recent pull back and bounce off the 200ma. Of course that immediately drove it below 8 for the rest of that day, but the last couple days it has come back nicely, and has broken back above the 50ma. I'm thinking I will make this my first real CC, but I don't see a need yet to rush into writing the calls. Would appreciate an update from you, with a comment about which calls look attractive to you for writing and your thoughts on the timing. It happens that I have owned some IFMX for quite some time, and I'm kicking myself for not getting started with this one while it was up around 9, but I'm thinking it has a good chance to return toward those levels so I'm inclined to wait for better prices. Naturally, I'm interested in any thoughts about an entry for this one too. OOPS! I missed your earlier IFMX post while I was writing this. Not sure why I didn't see it in my list.. maybe forgot to refresh. Thanks for sharing your experience with us newbies!!