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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: Jan Ravi who wrote (8843)	10/17/1998 12:18:00 PM
From: Herm	Respond to of 14162

Hello Jan and Everyone, CL Moving Up! CL appears to be a safe big cap stock. And, the BB and RSI are moving up nicely with some resistance around the $90.00 mark. The first CL retest will most likely peter out without a new announcements. A 3-2 stock split might do the trick! Watch the volume! CL also trades LEAPs which are looking good. I would not be too quick to short CL! NYSE: (CL : $86 1/4) (CLp : $85) $25,513 million Market Cap at October 16, 1998 Ranks 153rd in the Fortune 500 on Revenue & 134th on Profit. Employs 37,900. Trades at a 24% Premium PE Multiple of 33.7 X, vs. the 27.2 X average multiple at which the Personal Products SubIndustry is priced. CL has a pretty good product. I use it myself. colgate.com askresearch.com