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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who wrote (2896)	11/5/2001 5:11:38 PM
From: JohnM	Read Replies (1) of 5205

great...now you tell me... (I haven't been paying attention in class lately.) If so, then check Jacob Snyder's recent NTap posts, the most interesting of which, for these purposes, is today's. He's using 50 DMA stuff and doesn't see resistance until 30, but then covers his bets suggesting it's just as likely to drop back to previous lows. The comment which interests me is that it looks like Ntap is experiencing a "buying" frenzy right now and doesn't see it slacking. But, and here is where I am for the moment, all this talk of big upside suggests we should watch the downside. The best of times to write those ccs. Just watching tomorrow and thinking about the quarterly reports out next week. John

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