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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: imdchamps who wrote (13322)	10/11/2000 9:48:18 PM
From: virgil vancleave	Read Replies (1) \| Respond to of 14162

I did in fact close my short position a little too early but who would have known swcm would be down over 25 for the day? Has anyone else noticed that the put to call ratio has been going up and is at levels where the market may be indicating a turning point? Also, the call premiums are quite low showing how bearish most people are which is another bottom indicator. These facts plus the fact that the lows of this summer held leads me to think the bottom is near. There are some that are extremely overvalued and will continue to fall. Such as intel, who for years has been buying their tech at a high premium and now is losing the battle to amd who developes their own. I did in fact cover my shorts today and took a couple of long positions. One being a gold mining stock since I feel gold will make a comeback soon. The other being efii at 16 3/4, a price at which will most likely be a low if we see any kind of market recovery. I say this knowing that a week ago it was above 20 and that the valuation is much lower than it should be for a company of its stature. A few more stocks I like which are cash rich, low debt, and out of favor with good products: adpt, hlit, muei, ifmx, npix, efii, cube, egls, invx, mtsn, avid, tlcm. Hope these help give you some ideas. Do your own due diligence and good luck