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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: Douglas Webb who wrote (8798)	10/12/1998 6:00:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

Hi Doug, BTGC Looking at the last 18 months indicates when BTGC RSI reached the recent high value of 80 the price has always tagged the upper BB and then proceeded to spiral down to the lower BB with some upward zig zags along the way. Only one block trade was made today and the trading volume for BTGC was under 200,000 which is less than half of normal trading volume. No news and the last tick was down on 300 shares. Can you imagine being able to trigger a down tick on 300 shares. That is no up trend for sure! Earnings release is out Oct. 28, 1998 and options expirations is this coming Friday. Well, it looks like BTGC will eat my OCT 5 PUTs. If I recall you have the 7.5? Yes? So, are you in the money when you back out your premies? I might be tempted to cash out with a profit Doug and reverse the process with long term OTM calls. It is a long haul until the OCT. 28th ER for BTGC. That is more than enough time to drop down to a solid $5.50 tag off the lower BB and bounce back towards $7.00 by ER day. If BTGC moves there before earnings release date it will need some real big news release to propel the stock. A blowout earnings would do it for sure! The entire market is in a "show me first" attitude! I don't think BTGC will get any slack. There are only two analyst following this stock at this point. At one time there were 7 or 8. askresearch.com