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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: RayV who wrote (7775)	6/26/1998 9:45:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

Yes, all those news events did push TECD up nicely. There had to be some short covering by a few traders. A 4 point jump in one day is a hefty boost indeed. I still like the stock. It was not too long ago (last year) when that stock was $22. Hundred percent capital appreciation and plenty of CC premies along the way. A good CC cowboy could have racked in 150% ROI with TECD had they jumped in at the $22 level. You recall the chart before that price bottom was a long downward right hand slant for months. Even then I recall Steve saying he does not like play depressed stocks! They all go into a sleeping mode from time to time! Just stack up with cheap PUTs and deep in the money CCs to ride that sucker down.