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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: JoeinIowa who wrote (24665)	4/22/2001 10:48:08 AM
From: Ken W	Read Replies (1) \| Respond to of 29382

Joe KOPN is a perfect call writing situation. 16% in the bag if you buy the stock and sell the calls. Stock gets called for 7.50 and you make money....what's not to like? IFCI has a rather large short position that has been covering slowly, but surely. A break over the 50dMA at 4.50ish will seal their fate. Notice that the stock is riding its 10dMA to the upside with the very short period (30min) 50 is about to cross over the 50. The current trend has been for companies to lower guidance two Q's out, whcih IFCI has done. A meet or slight beat of that has produced good results. INTC,CSCO,AMZN,ORCL,MSFT etc. Those that have been punished RDRT etc. have given upbeat guidance and now have to pay the price. Pricing to perfection is dangerous!!!!!!!!!!!!!!!!! I have some trading and long term shares of IFCI, the traders will go just ahead of earnings, thus lowering the cost of the longer terms by another 10 to 12 percent. This worked very well for me with RDRT and others. Ken