Trying to recall the unused theory from 50 odd years ago, the loading coil matches the aerial impedance to what the output stages are happy with, but you still have just a very short transmitting element which will work better than a "raw" aerial, but nothng like as well as the real thing. The coil does almost as much cancelling as transmitting. The formulas involved fluttered away shortly after the exam.
For the blob on the end, a kinder egg shell works well. A cork from a wine bottle also does a good job. Slit part way through lengthwise then a crosswise channel half way up to accept the aerials finial. Careful removal of the foil from the bottle allows it to be re-used to keep the cork in place. Practice makes perfect, and can be enjoyable.