Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (13679)	4/10/2001 7:03:04 PM
From: virgil vancleave	Read Replies (2) \| Respond to of 14162

Hi again Herm and all: You know the market is in the dumps by the inactivity on this thread. I, as most of you know have been bearish for quite some time now. My gains have been pretty substantial this year after being up 200% last year. I was up even more for April, but am now only up slightly but still up 400%+ for 2001. That being said, the market seems to be telling us it is nearing a bottom. Notice I didn't say bottommed here as there are still some stocks that trade at ungodly mutliples.... of sales not earnings. Even though down too.... beas for example. Currently, I am still completely short with some genz, anf, and hi. But, there are some stocks which are trading at cash levels again much like in december of last year. I feel it is safe to go long and do some covered calls on a few of them. Of course I know youwant a list so here are a few.... keep in mind that you need to buy them on weakness and do your own due diligence. asyt, cmos, crus, egls, esio, mntr, mxtr, mtsn, merx, fsii, pcti, rmdy, cohu, sanm, and flex. I don't know what the option premiums are like, and many of these are down from much higher levels, but it is my opinion that it may be time to watch and start nibbling/accummulating the stocks again. Bewarned though, the market can and most likely will still go lower since many of the high fliers are still grossly overvalued at this level. Even csco. Make sure you look at debt levels of companies you like also since with lower market caps goes higher debt to equity ratios and we all know debt load can kill. Hope this helps.