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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: R. Gordon who wrote (9905)	3/9/1999 8:56:00 AM
From: Herm	Respond to of 14162

BGP - Hits Bottom - Ready for Rebound? BGP has a nice 24.92% growth rate and a low P/E of 10.7. Not a bad value at this price. NYSE: (BGP : $13 3/4) $1,074 million Market Cap at March 8, 1999 Ranks 574th in the Fortune 1,000 on Revenue & 693rd on Profit. Employs 15,000. Trades at a 35% Discount PE Multiple of 10.7 X, vs. the 16.4 X average multiple at which the Bookstores SubIndustry is priced. BGP has very nice open interest on both the CALLs and the PUTs. So, it is possible to really use all of the suggested WINs tools to squeeze profits out of this stock and protect your beacon at the same time. The latest insider trading indicates two CEOs acquiring shares in Feb. 1999. Always a get sign for me! The chart shows a beaten down stock with a bottom reached and a small bounce and a re-testing of that bottom. The RSI is increasing while the price is moving sideways. The lower BB is starting to turn upward. Overhead resistance appears to be in the $16 to $17 range. A pop from $13 to $17 is not impossible for the short term. iqc.com Looks like a good value play Gordan! Thanks for the head ups.