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

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To: VincentTH who wrote (8449)	9/1/1998 11:27:00 PM
From: Herm	of 14162

Wow! Vincent you also get membership in the W.I.N.S. Bear Club! I guess it is worth mentioning that we should never set bear traps unless we can identify a bear in the first place. For example, just about every recommendation that was made over the past two weeks were ready to dump because of upper BB tags, high RSI and 52-week highs. Perhaps it would have taken longer for the bear to bite the dust if the market overall did not correct. The point is, when the market (Nasdaq or DOW) starts to top out and act funny, start cleaning your bear traps for quick open season! The other comment about "good to cancelled" charging two commissions. DLJdirect would never do that! I had a situation like that one day apart and they only charged me for one trade as originally placed. But, DLJ is not the cheapo brokerage house. The flat rate places will nickle and dime you. Thanks Vincent! Don't forget your local charities!

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