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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 (13317)	10/10/2000 2:26:25 PM
From: virgil vancleave	Respond to of 14162

Another one I still like and it just won't come back down again to my buy level is clzr. I made some nice money on this one during the summer and finally got called out just before I left in August. I want it below 10, but at 10 1/8, it is an attractive company. Fundamentals are pretty solid and I am not sure how the options are priced. More on the short side though. I like jpm at 150, amcc at 180 (I shorted yesterday), dis at >42 (and it is almost there again), and itwo (although it is now down and dropping quickly). I will post some more when I get time. I am looking good on my short on swcm!

To: Herm who wrote (13317)	10/10/2000 9:06:27 PM
From: Bridge Player	Read Replies (2) \| Respond to of 14162

Yes Herm, EFII is indeed a good value here at around 18. $8/share cash and short term investments on the balance sheet as of 6/30/00. No long term debt. A commanding position in their niche markets. Excellent gross margins, good management, announced a stock buyback when the stock was mid 20s. Earlier estimates for $2.00/share earnings in 2001. Down from 2000 high over 60 per share. New products in the pipeline. Stock has often sold in the past at 30-40 times earnings. I realize that this is a covered call writing board but IMO they are giving this stock away. I believe that it has been damaged by the weakness in Lexmark and HP, and general weakness in the PC market. But if you buy it, don't settle for small short term gains by writing calls. Do some DD on this company for sizeable long term gains. BP

To: Herm who wrote (13317)	10/11/2000 12:08:42 PM
From: virgil vancleave	Read Replies (2) \| Respond to of 14162

I couldn't help myself this morning and covered my short on swcm at 166. I may have been a little early, but why get greedy? I made a nice 15% return for 2 days on my money. I needed the equity to buy some efii which was on a fire hot sale. I bought at 16 3/4, and think I will hold and just sell at 19 to 20 once the market recovers. I also bought some pdg at 8 3/8 and will sell for around 9 in a week or so. I changed my market outlook as I think we are seeing at least a short term bottom this morning. Earnings season is here and efii has already stated they will meet revenues for sure. I also noticed that efii is buying a little company called splash tech which looks attractive even at the buyout price. It has no debt and near $6 in cash and positive earnings, with efii buying it for $10. The more I see, the more I am liking the looks of efii, including the low price to sales ratio and the $8 cash per share with no debt. Good luck all. I will post more later on the general market and my viewpoint. As I said, I think this may be a good buying point here for some short term upside profits, as well as a good time to cover your shorts!