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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (2225)	8/24/2001 2:02:24 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 5205

>> My guess on SEBL is that it is in the process of putting in a bottom. I suppose SEBL could trade as low as $19, but I expect it will be in a range of $22 to $25 for the short term. By expiration I expect it to be higher. Sebl is a core holding for me as well, so your thoughts are of interest. My expectations for the stock over the next 2 months are based on the following: 1. The tech market, which is already negatively biased, is headed into the dreaded September/October slump period. 2. Tom Siebel has taken down expectations for the software sector and sebl in specific, akin to Ballmer's comments about Microsoft last year. 3. Analysts are in the process of downgrading sebl. With that background, I see little reason for optimism re sebl during the 8 week period remaining until October expiry. Buy-write can be viewed as a bottom fishing technique, with the usual goal of being called at expiry. We both agree that sebl is not at its short term bottom. That's why I questioned your move. duf