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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: robwin who wrote (13721)	6/20/2001 5:22:54 PM
From: Herm	Respond to of 14162

Hello Robwin, The weekly chart profile indicates a slight downward bias with NEWP making a second bottom. A third test is not that un-common. The OBV and RSI are certainly in the bottom range for this stock. So, I would not be too worried about NEWP dropping too much below the current price support level of $20 to $23. Meaning? There is more upside potential in the long run with sideways moves for the near future. NEWP WEEKLY CHART coveredcallswins.com[m,a]waclyymy[pc20!d20,2][vc60][iUb14!Lg] The daily chart profile still shows a downward to sideways bias and a solid second bottom attempt. NEWP DAILY CHART coveredcallswins.com[m,a]daclyymy[pc20!d20,2][vc60][iUb14!Lg] NEWP has a fairly low PEG ratio @ .5 while the entire industry group sports 1.9 and the S&P @ 1.7. So, NEWP is pretty cheap and a good value at this point. NEWP FUNDAMENTALS coveredcallswins.com Summary? It's worth the covered write 15.03% ROI one month risk Robwin.