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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: the options strategist who wrote (9215)	12/3/1998 5:33:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

You have to watch IOM which is a tricky situation. That bounce was due to the chapter-11 of that other storage company. IOM will most likely re-test that bottom after this sideways motion. They have much to prove and there are other players out there with super disk storage disk. IOM one trick pony may be doomed in the long run. So, let the trend be your friend and lock in some big CC premies and try to buy cheap PUTs for downside protection. It looks like slow death for IOM. Check out that downward right slope on the RSI and the upper/lower BBs coming closer together! It usually means a spurt up or down. I would bet downward since few stocks ever hit rock bottom like IOM did and not re-test that 52-week low! Keep in mind all those poor souls $8.00 to $16.00 waiting to dump IOM at the first chance. IOM will next to reinvent superglue or something like a 10 gig. zip drive to get back the lost business. CD-ROM recorders render zip drives as expensive relics. NYSE: (IOM : $7 5/16) $1,900 million Market Cap at December 3, 1998 Ranks 791st in the Fortune 1,000 on Revenue & 695th on Profit. Employs 2,925. Loss Expected for 1998; Computer Peripherals SubIndustry priced at 32.7X PE askresearch.com