Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: virgil vancleave who wrote (8394)	8/28/1998 8:35:00 AM
From: Herm	Respond to of 14162

Sorry, to hear about your wife being sick. I notice that when stocks fall below their 50-day moving average they then drop to the 200-day moving average. If the stock fall below the 200-day average, Watch out! It falls into the abyss into the unknown charting area. For longs, that's dead money sitting around for ever. I would not be surprise if we get a technical rebound today with some more DOW and Nasdaq $$ toilet flushes the week before Sept. expiration. XIRC is really starting to make some nice drops! There is still some downside PUTs action in that stock. Kinda crazy to be looking forward to drops in a stock to make profits. Although, without somebody shorting there would not be any buyers out there. Thank for your input. Take care!

To: virgil vancleave who wrote (8394)	8/31/1998 5:47:00 PM
From: Herm	Read Replies (3) \| Respond to of 14162

Hi Virgil and Fellow Lurkers! BEAR TRAP BODY COUNTS! CPQ bigcharts.com TIMBER! Plenty of baby fat on CPQ! The knife is barely started cutting! NYSE: (CPQ : $27 15/16)$42,392 million Market Cap at August 31, 1998 Ranks 55th in the Fortune 500 on Revenue & 59th on Profit. Employs 18,865. Trades at a Premium PE Multiple of 58.3 X, vs. the 22.7 X average multiple at which the Computers SubIndustry is priced Compaq (NYSE: CPQ) Time: 3:12PM Last Trade 28 1/4 Change - 2 1/2 (-8.13%)Volume 15,699,900 Avg.Volume 14,124,600 Prev.Close 30 3/4 Open 31 1/4 Day Range 28 1/8 - 31 1/2 52-week range: 23 1/8 - 39 25/32 Date Close Change Day High Day Low Volume Aug 28 30 3/4 -1 3/4 -5.38% 32 13/16 30 18,635,100 Aug 27 32 1/2 -1 15/16 -5.63% 33 13/16 31 3/4 21,174,700 Aug 26 34 7/16 - 3/16 -0.54% 34 13/16 33 1/8 11,892,800 Aug 25 34 5/8 - 15/16 -2.64% 36 1/4 34 1/2 10,676,400 Aug 24 35 9/16 - 1/16 -0.18% 37 1/2 35 1/8 8,636,000 BSX bigcharts.com BSX has fat dripping off. The MMs will get a bigger knife soon! NYSE: (BSX : $69 1/4) $13,869 million Market Cap at August 31, 1998 Ranks 706th in the Fortune 1,000 on Revenue & 425th on Profit. employs 9,320. Trades at a 56% Premium PE Multiple of 36.8 X, vs. the 23.6 X average multiple at which the Medical Products SubIndustry is priced. Boston Scientific (NYSE: BSX) Time: 3:11PM Last Trade 68 1/2 Change - 4 7/16 (-6.08%) Volume 1,046,200 Avg.Volume 806,100 Prev.Close 72 15/16 Open 70 1/4 Day Range 68 1/2 - 71 5/8 Date Close Change Day High Day Low Volume Aug 28 72 15/16 -2 11/16 -3.55% 75 11/16 72 1/4 824,900 Aug 27 75 5/8 -2 1/2 -3.20% 77 5/8 75 1,061,200 Aug 26 78 1/8 -1 1/16 -1.34% 79 7/16 78 1/16 368,400 Aug 25 79 3/16 - 1/2 -0.63% 80 5/8 78 7/8 748,000 Aug 24 79 11/16 -1 1/8 -1.39% 81 11/16 79 1/2 832,700 XIRC bigcharts.com XIRC should trim a few more pounds of fat before it levels off. NASDAQ: (XIRC : $15 5/8) $354 million Market Cap at August 31, 1998 Trades at a 32% Premium PE Multiple of 23.0 X, vs. the 17.4 X average multiple at which the Communications Equipment SubIndustry is priced Xircom (NASDAQ: XIRC) Time: 3:16PM Last Trade 18 1/8 Change - 2 1/8 (-10.49%) Volume 568,100 Avg.Volume 503,000 Prev.Close 20 1/4 Open 20 5/8 Day Range 18 1/8 - 21 47/64 Date Close Change Day High Day Low Volume Aug 28 20 1/4 -1 19/32 -7.30% 22 3/4 20 1/8 399,700 Aug 27 21 27/32 -1 3/32 -4.77% 22 1/2 20 1/4 651,800 Aug 26 22 15/16 - 7/8 -3.67% 23 23/32 22 1/16 476,800 Aug 25 23 13/16 -1 1/16 -4.27% 24 5/8 23 1/4 1,059,300 Aug 24 24 7/8 -1 11/16 -6.35% 26 3/4 24 5/8 851,400 TKLC bigcharts.com I'm in the money, I'm in the money!!!! Man, that took a while. I have satisfaction that my cheap PUTs will triple than the value I paid for them by tomorrow! :-)This may turn out to be another kahuna for me since the fat is just dripping off this stock. NASDAQ: (TKLC : $18 1/16) $927 million Market Cap at August 31, 1998 Trades at a 55% Premium PE Multiple of 32.3 X, vs. the 20.8 X average multiple at which the Computer Peripherals SubIndustry is priced. Tekelec (NASDAQ: TKLC) Time: 3:15PM Last Trade 18 1/8 Change - 1 7/8 (-9.38%) Volume 725,800 Avg.Volume 618,900 Prev.Close 20 00 Open 20 1/4 Day Range 18 00 - 20 3/4 52-week range: 12 1/4 - 25 7/8 Date Close Change Day High Day Low Volume Aug 28 20 -1 5/8 -7.51% 22 1/2 19 3/8 908,300 Aug 27 21 5/8 -2 3/8 -9.90% 23 3/4 21 1/2 494,400 Aug 26 24 + 1/32 +0.13% 24 1/4 22 5/8 496,400 Aug 25 23 31/32 + 19/32 +2.54% 24 3/4 23 3/4 504,300 Aug 24 23 3/8 + 1/2 +2.19% 24 3/8 23 660,900 SMOD bigcharts.com SMOD is sinking slow and steady. The company stock buy-back program has petered out! Eventually, they run out of money fast since they try to buy massive blocks of their own SMOD shares. Heck, the MMs know that and all the shorts. That's like waving a red flag in a bull fight in Spain. That bull is eventually going to get the sharp tip of that blade! TIMBER! Perhap another kahuna for me since I have the OCT. 12 1/2 PUTs @ 1/4 and they are approaching 7/8s as of today! SMOD barely made it to the average trading shares. Imagine when they start to panic what will happen! TIMBER! $10.00 bottom folks! Smart Modular Technologies (NASDAQ: SMOD) Last Trade 16 00 Change - 2 13/16 (-14.95%) Volume 718,000 Avg.Volume 767,400 Prev.Close 18 13/16 Open 18 3/4 Day Range 14 7/8 - 18 7/8 52-week range: 12 1/16 - 44 5/8 Date Close Change Day High Day Low Volume Aug 28 18 13/16 -1 -5.05% 20 11/16 18 1/2 752,600 Aug 27 19 13/16 - 1/16 -0.31% 20 1/4 19 3/8 723,400 Aug 26 19 7/8 - 3/8 -1.85% 20 11/16 19 1/8 411,500 Aug 25 20 1/4 - 5/8 -2.99% 21 3/4 19 7/8 532,200 Aug 24 20 7/8 + 1/4 +1.21% 22 5/8 20 7/8 1,351,400 CSCO bigcharts.com CSCO is still no bargain at current level. Trim baby trim! TIMBER! NASDAQ: (CSCO : $81 7/8) $82,545 million Market Cap at August 31, 1998 Ranks 307th in the Fortune 500 on Revenue & 92nd on Profit. Employs 8,780. Trades at a 3% Premium PE Multiple of 37.6 X, vs. the 36.4 X average multiple at which the Networking SubIndustry is priced. Cisco Systems (NASDAQ: CSCO) Time: 3:16PM Last Trade 86 1/8 Change - 8 9/16 (-9.04%) Volume 30,963,500 Avg.Volume 10,351,500 Prev.Close 94 11/16 Open 94 11/16 Day Range 85 00 - 95 7/8 52-week range: 45 7/16 - 105 1/4 Date Close Change Day High Day Low Volume Aug 28 94 11/16 -4 7/16 -4.48% 99 15/16 92 9/16 23,215,700 Aug 27 99 1/8 -4 1/2 -4.34% 103 98 33/64 18,197,000 Aug 26 103 5/8 - 5/16 -0.30% 105 1/4 102 1/2 10,179,100 Aug 25 103 15/16 + 15/16 +0.91% 105 1/16 103 11,751,200 Aug 24 103 + 1/4 +0.24% 104 7/16 102 7/16 10,566,700 FILE bigcharts.com FILE may be spared by the bears since the fat is starting to cut into the bone! After all, they don't want the bear to kill the stock all together. :-) FileNet (NASDAQ: FILE) Time: 3:16PM Last Trade 16 7/16 Change - 2 3/16 (-11.74%) Volume 491,300 Avg.Volume 547,100 Prev.Close 18 5/8 Open 18 3/4 Day Range 16 5/16 - 19 00 52-week range: 7 9/16 - 32 7/8 Date Close Change Day High Day Low Volume Aug 28 18 5/8 - 3/4 -3.87% 19 15/16 17 15/16 318,900 Aug 27 19 3/8 -1 3/4 -8.28% 20 9/16 19 1/4 544,200 Aug 26 21 1/8 -1 -4.52% 21 1/2 20 7/8 416,300 Aug 25 22 1/8 + 5/8 +2.91% 22 1/2 21 3/4 333,600 Aug 24 21 1/2 + 1/8 +0.58% 22 1/4 21 3/16 301,300 NASDAQ: (FILE : $16 3/8) $500 million Market Cap at August 31, 1998 Trades at a 22% Discount PE Multiple of 26.0 X, vs. the 33.2 X average multiple at which the Software & Services SubIndustry is priced.