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

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To: Herm who wrote (11196)7/15/1999 12:02:00 PM
From: tuck  Read Replies (1) of 14162
 
Herm,

Count me in as someone who will let himself get called away on runaway stocks. ~80% of the time I roll up I get burned. I must say the technique of using a spread order to roll up at least reduces the risk of executing the order, and I recommend it to all.

I've been following GSTRF closely recently. You're a better TA man than I, but I would expect a pullback. I don't know where you stand with respect to overall market performance in the next few months, but I expect a correction by then. It will likely take GSTRF with it. That said, it is clearly the front runner in MSS, and has benefitted from Iridium's woes. Some of us wonder about the viability and size of the market, however. The SI thread and GSTRF is quite informative and mostly free of invective. I'll be curious to know what you think of GSTRF.

Anyhow, I expect to dribble money in to the market after I see the assumed pullback, and may well be a buyer of GSTRF then.

Cheers, Tuck
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