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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 (8433)8/31/1998 9:05:00 PM
From: Bill/WA  Read Replies (1) | Respond to of 14162
 
Herm, quick question.

Bought 5 Sept 20, XIRC for 7/16 - 8/18 when price was 23 9/16.

Today the puts where worth $2, stock price at 15 5/8.

Nice gain, thank you!!!!!!

1. Should I hold out for a bigger drop?? My plan was to unload the puts when the stock price got in the $15's, however I was figuring the puts would be worth more than $2 if the price ever got to 15. Was I kidding myself??

Thanks a bunch,

Bill/WA
ps did you ever get my Email - have you ever been to the Sailfish Marina??



To: Herm who wrote (8433)8/31/1998 11:34:00 PM
From: Dnorman  Read Replies (1) | Respond to of 14162
 
Herm: Didn't you do a writeup on GTW, If so can you tell what post number it was so I can look at it.

Dennis



To: Herm who wrote (8433)9/2/1998 5:01:00 PM
From: Cesare J Marini  Read Replies (1) | Respond to of 14162
 
Herm,

I'm not sure I understand this one:


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


According to the chart you posted, CPQ tagged the lower BB and the RSI was low, almost in the 20's, and starting to climb again. Wouldn't that signal an upswing according to WINS?

Thanks,
Joe