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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: Herm who wrote (9896)	3/8/1999 9:07:00 AM
From: Michael Hart	Read Replies (2) \| Respond to of 14162

CS - CS ended their quarter on Feb. 28. They have always announced any surprises in earnings the week following earnings ( we're in the 2nd week ). They should announce earnings about the 23rd of this month. Just meeting estimates will make this stock move out of this range to the $10 range. Also, they are always included as an acquisition candidates in the networking market. Thus they continue to get boosts from the rumor mill which is one of the reasons they've ben so volatile since the value got hammered about 18 months ago. Let me know if you have any questions. Mike

To: Herm who wrote (9896)	3/9/1999 1:01:00 AM
From: R. Gordon	Read Replies (1) \| Respond to of 14162

Herm, Check out BGP (Borders Books). This stock is selling below bargain basement prices now and I think it is ready for a big rise. Everyone was afraid that AMZN was going to eat up their profits so the stock has been falling to incredible lows. The experts were wrong - profits were higher than ever and I think this stock could double in next few months. Check it out --- (I'm already invested Borders Group Announces Record Fiscal 1998 Results ANN ARBOR, Mich., March 8 /PRNewswire/ -- Borders Group, Inc. (NYSE: BGP - news) today announced record consolidated net income of $92.1 million for fiscal year ended January 24, 1999, the highest in the multi-media retailing industry for the third straight year. Full Year Results Consistent with the Company's guidance in its press release on January 27, the Company reported earnings from stores, including international stores, of $1.24 per share, an 18.1% increase over prior year earnings per share of $1.05. Borders on-line activities generated a loss of $0.13 per share compared to a loss of $0.07 per share in the prior year. On a consolidated basis earnings increased to $1.12 per share compared to $0.98 per share in 1997. Consolidated EBITDA increased to $234.0 million or $2.84 per share.

To: Herm who wrote (9896)	3/18/1999 11:07:00 AM
From: Nigel_H	Read Replies (3) \| Respond to of 14162

Herm, I'm afraid I don't quite understand the scenario you described for the CS play. You said:- Another $2.00 (25%) on the stock if the CC is exercised and you are called out. How could this work if you only have a LEAP and no stock? What would happen to the value of the LEAP if it went from out-of-the-money to at-the-money? Your help would be much appreciated. Nigel.

To: Herm who wrote (9896)	3/21/1999 11:01:00 AM
From: NateC	Read Replies (1) \| Respond to of 14162

I really like the CS LEAPs for this stock. With a upward price move pending a WINs approach might go as follows: Buy 5 to 10 CS 10 JAN01 LEAP @3 and wait for a price raise of say $9.00 before writing the spread selling (CCing) 10 JUL CALLs @ 1 3/8+. At 1 3/8s estimated value would generate a 46% rate of return against the LEAP surrogate (cost $3) you used for the call ($1 3/8). Another $2.00 (25%) on the stock if the CC is exercised and you are called out. --------- Herm....I've followed this great trade. and I've followed CS a bit since then. At no time since that....have these numbers been so great. How did you discover this.? Where do you look for the cheap LEAPS? thanks!!