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: virgil vancleave who wrote (8394)	8/28/1998 8:35:00 AM
From: Herm	of 14162

Sorry, to hear about your wife being sick. I notice that when stocks fall below their 50-day moving average they then drop to the 200-day moving average. If the stock fall below the 200-day average, Watch out! It falls into the abyss into the unknown charting area. For longs, that's dead money sitting around for ever. I would not be surprise if we get a technical rebound today with some more DOW and Nasdaq $$ toilet flushes the week before Sept. expiration. XIRC is really starting to make some nice drops! There is still some downside PUTs action in that stock. Kinda crazy to be looking forward to drops in a stock to make profits. Although, without somebody shorting there would not be any buyers out there. Thank for your input. Take care!

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