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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: Dr. No who wrote (8695)	9/27/1998 12:44:00 AM
From: Herm	Read Replies (2) \| Respond to of 14162

SRCM NO EARNINGS AND LOOKING BEARISH! Company is not making money and a case action lawsuit is underway! SRCM has bounced off a new 52-week low and tagged the lower BB and the RSI askresearch.com NASDAQ: (SRCM : $8 15/16) $103 million Market Cap at September 25, 1998 Loss Expected for 1998; Broadcasting - TV & Radio SubIndustry priced at 36.3X PE For CCs think about [SQAB] 10 Jan @ 2 1/8 .. 156 open interest to grab as much premies as possible. I can't imagine what SRCM is going to do for an encore to get back into a profit mode anytime soon! Think about Nov. PUTs. October may be too close! SHORT INTEREST GOING UP! Short interest was going up as SRCM price was diving. I would bet that the recent reversal was a short squeeze caused by covering. It should how last much longer. The ratio was 2.25 days worth of volume. Month Shares Short Avg Daily Volume Ratio* Remark 08/98 2,494,939 1,108,551 2.25 07/98 1,749,442 966,932 1.81 06/98 1,345,623 337,990 3.98 05/98 1,035,767 443,685 2.33 EarningsPast Estimates: [ -$2.90 - 09/23/98] [ -$2.80 - 09/18/98] [ -$2.90 - 09/17/98] [ -$2.80 - 08/28/98] [ -$2.90 - 08/06/98] [ $2.90 - 06/22/98]