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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 (12169)	1/11/2000 10:30:00 PM
From: Jonathan Thomas	Read Replies (1) \| Respond to of 14162

Hey Herm, Thanks for the SKS and IFMX feedback. I decided to let IFMX play out a bit, and put in an order to sell 10 Feb. 17.5 puts on SKS, I actually won't mind getting this stock put to me. I also put in an order to sell 10 WCOM March 45 puts @ 5 5/8. Take a look at WCOM. I think its a bargain, positive earnings and growth, and bottomed out, with a HUGE strong buy from a lot of brokerages. If I get SKS or WCOM put to me, they'll be my next set of CC workhorses. Since my 10 NOVL JAN 25 Calls look to be exercised soon, need I've got these other plays working. Gillette (G) looks interesting, but not as much as WCOM. Let me know what you think of it. Ryan

To: Herm who wrote (12169)	1/11/2000 11:05:00 PM
From: virgil vancleave	Respond to of 14162

Hi herm and all. Just thought I would drop back in with some updates and new ideas. I have been out to sea doing my navy thing for a week or so and am back for just tonight. A while back, I posted my pick of blpg. It was at 6 1/2 then. Well, I sold the 7 1/2 call for 3/4 and come back to find it is now at 8 5/8. I still like the stock as far as valuation and the chart looks like a bottom has been found. Still that $3 cash per share and insider buying and no debt. Solid pick in my book. The calls trade kind of thin though. My other pick was pdx. I sold at 7.5 for a nice short five day profit and now wish I would have waited. Oh well, you win some and miss some. I still made 15% in a little over a week. I sold to buy cure, which I have now sold a call. Cure has no debt and 4.32 per share in cash, thus better fundamentals than pdx. The chart looks like it has bottomed and the tax loss selling should be over. I also bought some eaii. I bought at 8 5/8 last week and sold the feb 7 1/2 for 2 1/2. It is now around 9 1/4, with the chart looking better and fundamentals solid. No debt (I like low or no debt companies) and near $2 per share of cash in the bank. Today, I could not help myself from buying muei. I got in for 12 5/8 and sold the feb 12 1/2 call for 1 7/8. Once again, the company has almost no debt, and has $3.50 a share in cash, which makes it an interesting possibility for a buyout target. I might be wrong, but the premiums were too good for me to pass. I will be gone for about 6 weeks, so good luck all. I hope my inputs will help some others, as I am always looking for new ideas myself. As you know, we are all in this to make money and have some fun. And there is no reason why we can't all be making money. The system really works.