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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: mc who wrote (12081)	12/17/1999 9:59:00 PM
From: Dan Duchardt	Read Replies (2) \| Respond to of 14162

mc, Banks are not doing very well at the moment. ONE has fallen again and again on warnings that they will not make earnings estimates; their latest projection was for around ONLY $3.45 a share, UP from $3.25 a year ago. Today the price dropped below $30, down from a high of well over $60 back in May. The last bounce off the lower BB/low RSI fizzled long before it made the upper BB. I own ONE, and will probably buy some more, but not until it finds a solid bottom. I read something the other day about the "value" in banks, but the world is slow to take notice. I think it's crazy, but you can't fight the trend. Dan