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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 (8718)	10/1/1998 6:17:00 AM
From: Jan Ravi	Read Replies (1) \| Respond to of 14162

Herm, I am enjoying the ride down. Now I am looking at the new ones you mentioned. With the market tanking I am sure these stocks will move south soon if not today. Please don't ever stop posting on this thread. Thanks so much! Jan.

To: Herm who wrote (8718)	10/1/1998 7:47:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

W.I.N.S. EARLY BEAR TRAP ALERT FOLLOW-UPs! The bear traps (shorting stocks) mentioned yesterday did really well today! PAYX dropped like a Scud missle today with a whoppin -$8.25 points <-16%>. WOW! PAYX is still overpriced at: NASDAQ: (PAYX : $43 5/16) $7,055 million Market Cap at October 1, 1998 Trades at a 78% Premium PE Multiple of 54.1 X, vs. the 30.4 X average multiple at which the Business Services SubIndustry is priced. The RSI dropped below 50 today so you can bet this stock is heading towards an easy $40.00. What out for that bounce off the lower BB!! PAYX has sharp teeth! NEW BEAR TRAP ALERTS - THERE IS GOLD IN SHORTING GOLD STOCKS! AU There is no shortage of gold in the world. In fact, bring your own truck to Mother Russia and she will load you up! Not to mention the gold stored away in the Swiss banks from the Holocaust victims. Why any investor would pay a premium of 85.7 P/E for a 3.9% growth rate I will never understand..... The whole industry is only a 17.3 P/E. This is a real dog and a half! NYSE: (AU : $29 1/8) $1,113 million Market Cap at October 1, 1998 Employs 50,000. Trades at a Premium PE Multiple of 85.7 X, vs. the 17.3 X average multiple at which the Gold & Precious Metals SubIndustry is priced. Consensus Future 5-yr Growth Rate: 3.9% askresearch.com RSI is very high and the upper BB has been tagged. AU does not trade enough options contracts so consider shorting the stock itself. I believe AU made a new 52-week high of 29 1/4 today! TIMBER real soon! NEM NEM I really like as a bear trap. NEM investors are high on drugs to be paying a premium of 48.8 P/E for only a 7.5% growth rate when the whole industry is at a 17.4 P/E. Now hear this!!!!! NEM trades LEAPs and there are TONS of options traded on this sucker. Check out the 2001 LEAPs for the 10 strike price @ 17. You can enter into a spread by picking up the 10 JAN01s and CCing the DEC. 27.5s * 3 1/2. That lowers your cost $10 strike + 17.5 premie = $27.5 - $3.5 = $24 cost. That's a 20% no brainer! Now, if you follow W.I.N.S. you could buy the LEAP now and wait to sell a in the money CC and really grab some premies. Buy PUTs with the premies and milk NEM sideways! :-) NYSE: (NEM : $26 3/8) $4,127 million Market Cap at October 1, 1998 Trades at a Premium PE Multiple of 48.8 X, vs. the 17.4 X average multiple at which the Gold & Precious Metals SubIndustry is priced. Consensus Future 5-yr Growth Rate: 7.5% askresearch.com FON FON is Sprint which is NOT a gold stock. But, the only sprint I see is an overpriced stock selling at a premium 41.9 P/E with a growth rate of 18.72% when the whole industry is at 19.4 P/E. FON does pay a div and Record Date: 09-SEP-98 Pay Date: 30-SEP-98. Hummm? Just passed! FON RSI is limp but the price continues to climb. Up today and ready to tag that upper BB and TIMBER! Just my opinion of course! NYSE: (FON : $74 1/2) (FONp : $225) (FONpA : $240) $32,244 million Market Cap at October 1, 1998 Ranks 76th in the Fortune 500 on Revenue & 70th on Profit. Employs 48,000. Trades at a Premium PE Multiple of 41.9 X, vs. the 19.4 X average multiple at which the Telephone SubIndustry is priced. Consensus Future 5-yr Growth Rate: 18.72% askresearch.com Finally, you can tell when the CEOs are cashing in and leaving the crumbs for the investors! FON really is showing their true colors by the insider trading! Now, who is going to be the last one out of the exit door? biz.yahoo.com That's it! Wishing you all the best of "good buys and W.I.N.S!"