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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: Marlin C. Harmon who wrote (5669)	10/27/1997 8:18:00 PM
From: rkf	Read Replies (1) \| Respond to of 14162

I'm a little hesitant to make firm recommendations, in light of the blood I'm shedding now. I believe both companies will perform very well over the near term - once the market stabilizes. I bought Dec. $65 calls on ABF on projections of great earnings numbers - which we got. What will happen tomorrow is anybody's guess, but, the earnings call for at least a $10 move in the stock -again, given a stable market. As for CPQ, they reported blowout earnings as well and they also declared a 2 for 1 split and a dividend - three terriffic pieces of news - and the stock has lost $20/share. I like the Jan. or April calls on CPQ once the market stabilizes, but why buy now if it dips another $3. There is market support of CPQ at about $56 now - who knows about tomorrow. good trading, Kent