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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.76

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Dec 12 4:00 PM EST

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To: Brian Sullivan who wrote (50361)	5/16/2013 3:18:04 PM
From: Fintas	of 220121

The first rule in investing is to keep an open mind. The ONLY reason I do NOT own Csco is I'm very familiar with the mis steps that took TIME to resolve. Had I NOT sold those calls they would have EXPIRED WORTHLESS. Meaning the stock dropped from 34 to UNDER 22.5 from OCT 2007 to Jan 2008 OEX. But yes we do share similar interest re sectors. MSFT as I have presented will breach the 40's before it tires. To do so it has to get past where it dropped in the 38.'s back in 2007. I did VERY well witht he calls and core back then. KICKED it all out and then re entered the core. TOOk one bite at calls back a bit from the 20-30 run. Reason being if I believed in that bounce off lows of 17 ish then grabbing the 22.5's made sense. As history shows it peaked in the 32 area before dropping. I mention this for you could have done similar with CSCO as you took CORE that you felt comfortable and then if you BELIEVED then take the call to grab the 17.5 or 20's. Here and now, STX and GLW re covered calls. I do the if I expect a pullback then I write the in the money. IF I'm not sure I'll grab a price higher and let them have it. Generally speaking they don't get taken over. Although I have been in a handful of such. So as an ex. I wrote the 16's and 17's for JDSU for JUNE. IF they take it..HO HUM. I can re enter. But hera and now.. I could close but CHOOSE to not do so. I expect them to expire worthless as I expect semi's and similar to roll. Now I'm not just a BULL. I'm a PERMA BULL. Yet I do know one can be in a spx that goes to 1600 and watch their stocks DROP DROP DROP.. CAT is one. Yet I OWN CAT LONG. Will I sell NO.. I also own UPS LONG. Will I SELL.NO.. BUT I will write covered calls where required when I know each peaks for it's sequence. So no biggee. When you put up Csco, I am big on FA. I just want some to understand that here and now there are other ways to make that last 15% unless one wanted to go real long and if so then look for the pullback. I threw in some details to help some make an INFORMED decision. That is why I presented the RSI numbers and chart pattern. Otherwise one is buying on a earnings report and management views versus where the strength is or isn't. WHILE here. DRYS has NOT turned on it's RSI. It would take another 20% or apprx 2.40. SO one can anticipate.or wait. ME I anticipated because I'm expecting a lot higher when it DOES turn and because of it's volatility many would not be able to catch it LARGE. OR do do so would COST much more. NOT a recommend for DRYS. Just pointing out a similar detail that says it has NOT TURNED. Ok have a good one. I'm done for this day. Sweetie wants me to take her to Season 52 SOUTH COAST PLAZA Costa Mesa CA. t. A healthy restaurant. OH BOY. SMILE FIntas

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