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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: tuck who wrote (11883)11/23/1999 7:59:00 AM
From: virgil vancleave   of 14162
 
I agree with you that the market is most likely to start correcting here. But there are some stocks which will hold and even do well. It is my opinion that some of the semi stocks will pull back here. One in particular I am presently short is nsm. I am short at 42 with the reasoning being the chart and the point of long term resistance. Plus, it is overvalued again now at these levels, which don't mean much today. My position is not covered as I fee it can drop some first.
I also like lwin on the short side and have been short twice and am now short again. I started shorting at 60 twice and for profit both times. I am now short at 54 and thinking of selling some puts since they have nice premiums.
for longs, I like heph, but it gapped up on me so I am waiting to buy. I want it at around 10. I also like nmgc based on the valuation, but it is in a downtrend. One other on my list is glia. All these have decent premiums as well as being good valuations, profitable, cash positive, and low or no debt.
hope these help and good luck,
virg
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