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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: Shell R. Poust who wrote (8098)	8/5/1998 5:08:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

This MDCO sure has been hammered. Setting the chart for three years time span indicates MDCO may bottom out at the $8.00 level before bottom fishing props up the stock. The LEAPs are dirt cheap. If and when the oil industry recovers the LEAPs will be a gold mine for capital appreciation and CCing for fantastic rates of return. bigcharts.com LATEST NEWS Figure this out! Here is a stock making a profit and still is being hammered. You don't have to wonder if the stock market makes any sense. Internet stocks go through the sky on wishing thinking about earnings and stocks like MDCO go down the tubes making profits. Imagine if you worked for them and got paid in shares of stock. biz.yahoo.com P/E VALUE NASDAQ: (MDCO : $9 13/32) $488 million Market Cap at August 5, 1998 Trades at a 20% Discount PE Multiple of 7.2 X, vs. the 9.0 X average multiple at which the Drilling & Marine Supply SubIndustry is priced. MDCO LEAPs ARE NEW biz.yahoo.com NOT MUCH SHORT INTEREST MDCO Marine Drilling Companies Inc Month Shares Short Avg Daily Volume Ratio* Remark 07/98 942,168 1,398,625 0.67 days 06/98 859,449 1,502,614 0.57 " 05/98 1,116,043 1,604,253 0.70 " 04/98 1,666,947 1,662,924 1.00 " 03/98 1,311,016 1,866,088 0.70 " 02/98 764,539 2,062,313 0.37 "