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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: Herm who wrote (7540)	5/29/1998 4:31:00 PM
From: mc	Read Replies (1) \| Respond to of 14162

Hello Herm, thanks for the response. I certainly won't be upset if I'm called out. Additionally, there is some concern that in the 3rd quarter profits in SESI's sector could be hurt by declining day rates (the rates which they contract out their boats & equip). As you pointed out, it is also trading at a high relative p/e to the sector. Thanks for the input. I'll probably do as everyone seems to be suggesting and let it ride for now. If I get called at 10 there will probably be another entry point below that sometime soon with the way the market is trading these days. And in a bit of good luck, I was wrong about 35% profit. I bought a good portion of this stock on margin so my return will be significantly higher. If only I could do this with every stock I trade. Take care, Gary