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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: rkf who wrote (6564)	1/26/1998 12:57:00 PM
From: Douglas Webb	Read Replies (1) \| Respond to of 14162

...I went with CREAF. ...Speaking of CREAF, any thoughts on why they're getting hammered today? Well, that must be it, it's your fault. I don't know any logical reason for it, other than the negatively biased news releases that came out of Reuters and Dow Jones. They had record earnings, they made a profit in Asia despite the financial mess over there, they took a writeoff to completely pay for three major acquisitions this quarter, they have a huge amount of cash ready for a share buyback if the laws change in Singapore, they have new products coming out which can make them a one-stop multimedia-shop for retail and OEM's, and they're priced at a PE 50% less than the rest of their industry. What more could you want? Yes, I know the TA'rs out there like Doug cringe when they hear my methodologies, but, hey, both are screaming buys. I wouldn't call myself a TA'r by a long shot. I only started in this hobby last May, and I've already lost more than I earned in 1996, so your coin toss is probably about as accurate as anything else, especially with Creaf. Doug.