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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 (8623)	9/19/1998 1:34:00 PM
From: Shell R. Poust	Read Replies (1) \| Respond to of 14162

Herm I sold 10 Oct 35 calls at 1 3/8 about a week ago;CPQ has dropped aster than I figured.Should I buy calls back since it about halve the price or just wait til oct 14 with earnings report? (I'm inclined to sit fast;should had bought puts but sometimes work gets in the way!) That MRL sure has gone up and down-between 8+ to 12+ Shell

To: Herm who wrote (8623)	9/19/1998 2:09:00 PM
From: Caroline	Read Replies (1) \| Respond to of 14162

Herm, isn't BTGC just ripe!???!!! I do better with hard examples, so if you would comment, have I got the W down with this example? 1. Buy BTGC at 7.25 2. Sell Oct 7.5C at 7/16 or sell Jan 7.5C at 1 1/16??? 3. Are you buying or selling the Oct 7.5P at 7/8? Thanks! Caroline

To: Herm who wrote (8623)	9/19/1998 2:12:00 PM
From: Nixpix	Read Replies (1) \| Respond to of 14162

hi

To: Herm who wrote (8623)	9/19/1998 4:11:00 PM
From: Douglas Webb	Read Replies (2) \| Respond to of 14162

Herm, JimJeeps, Caroline: I'm not so sure about your assessment of BTGC... My current position is 150 shares @ $7.633, and 3 Jan 5 Calls @ $2.092. I can't really justify my gut feeling that BTGC is going up... the BB/RSI chart says that a withdrawal is imminent. My Three Line Break Chart says that we're in a strong uptrend, with no reversal in sight... Recent volume has been very high, with unusually high single-day price gains, which haven't immediately followed any news items. BTGC was publicized in Fortune as one of Americas 100 fastest growing companies, a few days before the price jumped. The current quarter ends on the 30th, and the results will probably be released in 4-6 weeks. I don't know... I just have this longer-term, bullish outlook on the stock (which is why I bought Jan 5 calls last month) and I don't think it's going to turnaround at this level... I think something must be pushing the price up now, and BTGC is going to establish a new high soon. I don't see any resistance levels between here and $8-$9, and after that it looks like a clear shot to the low teens... Well, you place your bets where they feel good, I suppose... Doug.