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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: Douglas Webb who wrote (8263)	8/18/1998 8:13:00 AM
From: Herm	Respond to of 14162

BTGC was doing just fine with the bounce and then it went flat on low volume. The rest is history. Shorts pounded BTGC below $6.00. That's the bad news. The good news? BTGC and institutional holders know it's do or die at this point. Any stock that falls below $5.00 can't be purchased on margin. So, the heavy money will jump in soon and pick up some very cheap shares. BTGC has a growth rate of 25% vs. a 15.9 EPS. It is undervalued big time! I held off averaging down so far. Another PUTs kahuna will provide all the cash I need to sweeten the CCing machine. NASDAQ: (BTGC : $5 9/16) $262 million Market Cap at August 17, 1998 Trades at a 53% Discount PE Multiple of 15.9 X, vs. the 33.8 X average multiple at which the Drugs SubIndustry is priced.