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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: Dnorman who wrote (8853)	10/19/1998 4:19:00 PM
From: Eddie Kim	Read Replies (2) \| Respond to of 14162

QUESTIONs for All: 1) What percent of options expire worthless each month? 2) Do MMs or large investors nudge stocks for their advantage on expiration day? If they do HOW and how profitable is it? Thanks. We've seem to be having this debate on the DELL thread and I thought this thread might be the best source of answers. -Eddie

To: Dnorman who wrote (8853)	10/19/1998 5:40:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

Howdy Dennis! To close your short BTGC stock position you need to "buy BTGC to cover" which means you have to go out in the open market place. So, you should be able to do a limit buy order to cover at the stock price you indicate. If you have a live body at your brokerage it may be worth the extra commission for them to execute it for you! Really strange BTGC early earnings announcement today! It was ok, but nothing to dance on the tables about. I guess the street was not phased by the news. Slightly, better volume but still under the norm. BTGC - Still Waiting For Lower BB Bounce @ $5.25 askresearch.com BSX - Bounced Off Lower BB and moving up! askresearch.com LHSG - Bounced Off Lower BB and moving up! askresearch.com NEM - Still Dumping Towards That Lower BB - TIMBER! askresearch.com PAYX - Bounced Off Lower BB and moving up! askresearch.com ROST - W.I.N.S. Reversal Alert! Upper BB Tag Coming Soon! RSI is Moving Up! Watch Out For The Reversal! Get your parachutes ready! askresearch.com CPQ - Bounced Off Lower BB and moving up! askresearch.com FORE - Caution With FORE RSI Which Normally is Lower! askresearch.com NOVL - W.I.N. BEAR TRAP ALERT! Upper BB Tag Coming Soon! askresearch.com NOVL may be a real sweet one to short the stock straight! NOVL is in the top 20 volume traded stocks and currently has a 52-week low in short interest! So, there should be plenty of shares to short. NOVL has a 15% growth rate with a whopping P/E of 52. That is a pretty rich valuation and is selling at a 32% premium vs. other stocks in the same industry group. NASDAQ: (NOVL : $13) $4,538 million Market Cap at October 19, 1998 Ranks 734th in the Fortune 1,000 on Revenue & 517th on Profit. Employs 5,800. Trades at a 32% Premium PE Multiple of 52.0 X, vs. the 39.3 X average multiple at which the Networking SubIndustry is priced. NOVL also sells LEAPs which is a real neat way to own truck loads of NOVL and write CCs. Take a look at the BB and RSI for yourself. NOVL - CEOs sold shares the last time! Will They Do it Again? biz.yahoo.com Wishing you all the "best W.I.N.S. and Good Buys!