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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: ajs who wrote (7529)	5/28/1998 8:32:00 PM
From: Herm	Respond to of 14162

Thanks AJS for joining our discussions on covered calls. GENZL had a great deal of insider buyer this past March 1998. The charts indicate a testing of the old bottom around $5.50. The RSI has bottom and I would not be surprised to see a bounce up. In looking over the past three years GENZL has touched below $6.00 before. Earnings have increased over last year. Although, they are not in the black yet. TECHNICAL CHART PATTERN: bigcharts.com GENZL P/E: NASDAQ: (GENZ : $27 9/16) (GENZL : $6 1/2) $2,136 million Market Cap at May 28, 1998 Loss Expected for 1998; Medical Products SubIndustry priced at 26.4X PE I would be inclined to pick another stock to with more open interest to CC at this point. You could write a CC deep in the money and force being called out! Take a look at BTGC.