How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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

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To: Douglas Webb who wrote (4320)	9/2/1997 6:15:00 PM
From: Herm	of 14162

How's your stomach Doug? Hang in there buddy! With that MASSIVE UGLY volume swing today I would be surprise if the stock did not reverse tomorrow! Remember, when it looks real bad, that is the time to buy it up. There were a whopping 85 large blocks traded today! And the stock only dropped by 7/8s that's staying power. Those blocks had to be a mixture of buyers and sellers. In any case, the shorts will have to ccash in and run. There is support in the $12 - $13 range.

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