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You might consider covered calls on LLTC.
With the stock bid at about 41.75 the Nov 40 call is bid at 4.80 which gives a
return of 13% if not assigned, 8.2% if assigned and down side protection to
about $36.95 (excluding commissions).
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Stan Book
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, October 12, 2001 1:05
AM
Subject: [RT] LLTC & BBBY
follow-up
10-3, I suggested LLTC might be a turn around candidate.
The stock has movednicely. At present, the stock is in the vicinity of 10
and 60 period Hurstupper envelope limits and is vulnerable to pull back or
consolidate soon.BBBY was the lowest risk short sell candidate I could
find among NASDAQ 100stocks. The 'best' it could was consolidate a few
days. Up strongly today,BBBY has broken above the first level of
resistance. It too is bumping upagainst 10 and 60 period Hurst upper
envelope limits.These conditions represent notoriously bad timing
windows for jumping abroadon the long
side.Stan-----Original Message-----From: Stan Book
[mailto:sbook@xxxxxxxxxxx]Sent: Wednesday, October 03, 2001 9:38 PMTo:
realtraders@xxxxxxxxxxxxxxxSubject: [RT] NASDAQ-100.... The best
short candidate I find is BBBY. The stock is bumpingup against potential
resistance with evidence of distribution. This is oftena low risk short
sell setup.Especially for NW is bottom fishing candidate, LLTC. This
stock has gone tonew lows with evidence of accumulation which suggests a
potential trendchange.To
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