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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: jaytee who wrote (12006)	12/5/1999 11:01:00 AM
From: virgil vancleave	Respond to of 14162

Nice chart. Loks like a double bottom ow "w" formation with the bottom at 23. May see some resistance at 31ish, which is where it is at. Price is pushing the upper band and moving up. Solid company with rad's negative impact on the industry now subsiding. My take, is that if I owned it, I would cover call it. If I were looking to buy i would wait until it breaks through 31 to 31.5 and on strong volume since this move would be bullish chartwise and signify what appears to be a continuation of its old ascent. I printed the chart and drew some channel lines in. This chart is like one right out of the textbook. Lots of support at 33 to 27, so the downside risk appears to be minimal compared to the upside. Good luck with it.

To: jaytee who wrote (12006)	12/5/1999 12:14:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

WAG Walgreens is opening a store in just about every opposite side corner of Echerd Drugs. They are all over the place. a P/E of 42 is super rich at this point for a growth rate of only 16.15%! NYSE: (WAG : $30 5/8) $30,152 million Market Cap at December 3, 1999 Ranks 85th in the Fortune 500 on Revenue & 171st on Profit. Employs 90,000. Trades at a 87% Premium PE Multiple of 42.0 X, vs. the 22.5 X average multiple at which the Discount & Variety Stores SubIndustry is priced. Watch out WAG does not peter out soon and dive.