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: Ray Jahn who wrote (6136)	12/16/1997 8:23:00 AM
From: Herm	of 14162

VVUS chart is starting to make sense again. That one day plung of 6+ distorted the data for a while. The RSI is pegged off the chart at -0 which it reached the last time VVUS dumped down to $15. So, the recovery starts now. The MACD is rounding off and starting to rise indicating a near buy long buy signal is approaching. The Bollinger Bands are pegged on the lower band. Expect a small rise perhaps to $15 before a pull back. The bottom fishing group will milk the 2-3 technical points and dump the stock in the absence of real earning improvement news. I still think the earnings release will be better than first thought.

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