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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: mc who wrote (7401)5/4/1998 10:27:00 PM
From: Herm  Read Replies (2) | Respond to of 14162
 
Hi Gary,

I have not heard from Volunteer. Although, I noticed he started his own forum on covered calls. It was listed in my previous post of the other forums on SI.

Before I forget, I will be out of town until Thursday of this week in Tampa. Staying at the Embassy Suites on 555 Westshore Blvd. near the airport if anyone is in the area. Can't miss me since I'm 6'2" tall with black hair and a moustache. I will not be near a computer for two days. Just, piano bar, peanuts and Corona.

Anyway, SESI looks like it is moving lower to about $10 before a bounce. bigcharts.com

SUPERIOR ENERGY SERVICES NASDAQ: (SESI : $10 5/8) $310 million Market Cap at May 4, 1998 Trades at a 13% Premium PE Multiple of 17.7 X, vs. the 15.7 X average multiple at which the Drilling & Marine Supply SubIndustry is priced.

MARINE DRILLING CO. NASDAQ: (MDCO : $24 11/16) $1,281 million Market Cap at May 4, 1998 Trades at a 3% Discount PE Multiple of 15.2 X, vs. the 15.7 X average multiple at which the Drilling & Marine Supply SubIndustry is priced.

TRICO MARINE SERVICES NASDAQ: (TMAR : $23) $467 million Market Cap at May 4, 1998 Trades at a 47% Discount PE Multiple of 8.4 X, vs. the 15.7 X average multiple at which the Drilling & Marine Supply SubIndustry is priced

GLOBAL MARINE INC. NYSE: (GLM : $25) $4,304 million Market Cap at May 4, 1998 Trades at a 21% Discount PE Multiple of 12.4 X, vs. the 15.7 X average multiple at which the Drilling & Marine Supply SubIndustry is priced. .



To: mc who wrote (7401)5/4/1998 11:30:00 PM
From: Steve Hufnagle  Respond to of 14162
 
Anyone know when Greenspan is scheduled to speak again?



To: mc who wrote (7401)5/8/1998 5:12:00 AM
From: Vol  Read Replies (2) | Respond to of 14162
 
>> P.S. Anyone heard from Volunteer lately? Haven't seen him on the >> thread in months.

I'm back, baby, I'm back!!

Actually I've been REAL busy, but have been lurking when I can to keep up with you guys. Just dropped in to say hello. I see the usual gurus - Herm, Doug, Gary, rfk, Rod V, H jordan, etc. What happened to sailor? He get seasick from this market?

I'm currently a long termer right now for two reasons:
1) Not enough time to do all the DD.
2) Got burned BADLY in Oct-Dec with techies AND VVUS! Since then I've eased up on the margin. Words of advice - go easy on the margin and only use $$$ you can afford to lose. I did OK with the later, but didn't adhere close enough to the former.

Still think CC and selling puts can be great income enhancers, but you got to pick the right stocks at the right time (DUH!). Actually, since CC is "conservative" you mainly need to avoid the wrong stocks at the wrong time. Here was my all-star list (at one time or another): VVUS, AMD, ATML, APM, QNTM, COMS, MLR, PERI, AGP. For a good time go look and see what these stocks did around Oct-Dec. I even got burned with INTC and CPQ!!

Hey, has anyone thought of starting an actual CC portfolio to follow and sell CC's monthly?? It would be informative to all, esp newcomers, and would keep us honest (maybe too much so!). We could start with 100k and see what happens.

Vol