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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: Johndee who wrote (8893)	10/26/1998 9:12:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

ANDW - Should Reverse Soon! ANDW is a company with a 17.89 P/E and 13.5% growth rate. It appears ANDW rebounded off the recent 52-week low. NASDAQ: (ANDW : $15 13/16) $1,426 million Market Cap at October 26, 1998 Trades at a 36% Discount PE Multiple of 13.5 X, vs. the 21.0 X average multiple at which the Communications Equipment SubIndustry is priced. ANDW has tagged the upper BB and the RSI is the range of previous price pull backs and reversal. askresearch.com Short interest build up did contributed to the price decay from April through August before the reversal. It does seem like a short squeeze took place and should wear off soon! Month Shares Short Avg Daily Volume Ratio* Remark 1 ANDW Andrew Corporation 09/98 2,100,804 613,369 3.43 08/98 2,156,214 564,956 3.82 07/98 1,967,388 565,785 3.48 06/98 1,957,004 550,475 3.56 05/98 1,811,540 644,394 2.81 04/98 1,982,230 1,231,278 1.61 There is some insider selling taking place in Sept. by CEOs. biz.yahoo.com Considering that the earning release just came out and the stock has not tested the 52-week low I see more sideways to pull back is more probable. And, the technical charts with the BB and RSI confirm that.