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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 (8521)	9/11/1998 12:12:00 PM
From: Dnorman	Read Replies (3) \| Respond to of 14162

Herm: I want to buy back some options that I sold, the stock is trading at 17 and the options were written for Oct 35. I want to take my profits the bid is 1/2 the ask is 1 1/8 with 770 contracts outstanding. Do I buy back at the bid or the ask? This MM wouldn't accept my bid of 7/16. Dennis

To: Herm who wrote (8521)	9/11/1998 12:49:00 PM
From: virgil vancleave	Read Replies (1) \| Respond to of 14162

just thought I would post my analogy on lhsg here for you all to see. The premiums on the calls is good, but you need to use the proceeds to buy puts to protect the downside I believe this stock has. I also posted this to Mr. Pinks thread, since they like lhsg also. Just wanted to post some interesting info on lhsg and compare it to another company in the same industry. Looks to me like once the short squeeze is over, the air could very well be let out . And by the looks of it, trading at 22 time revenues, there is lots of air under this one. first for a profile comparison. biz.yahoo.com biz.yahoo.com Now for a chart comparison. Notice any similarities? quote.yahoo.com quote.yahoo.com Short interest is large on lhsg, but with management that likes selling their own stock in droves, it is just a matter of time before the liquidity increases and drives the stock price down to "normal" levels. It is quite ironic that both charts look very similar including the rebound by savly to 50 when it very well may have had a short squeeze like lhsg. Just my opinion and input to this great thread. good luck