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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 (8308)	8/20/1998 5:12:00 PM
From: virgil vancleave	Read Replies (1) \| Respond to of 14162

It may be of interest to some that smod just released earnings after the bell. I think they were .20. Not sure if good or bad, but your call on price was right on. For those with positions in xirc, it is now sitting on the pivotal point. Which way will it go? My bet would be down, since the high a few years ago was at or above the present value and it has had a pretty good runnup. BTW, i have no position. TKLC started it timber phase just as you stated earlier. My short is in the money now, but i think it has further to go on the downside. My target is around 20 or 21, where i will then play the covered put or cheap calls method. looks like my covered call in anik will expire worthless tomorrow. I have been trying to buy it back for 3/16, but no takers. price is right at 15. if i get called, no big deal. If not, i think i will sell another one for next month for 1.50. 10 percent not bad for a month. If i were to take a position in intc, i would buy some puts since they are cheap and don't have much premium built in. It is still not too late since it is very possible that intc could retest the lows again in the 60's soon. just my opinion. Good luck.