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: Herm who wrote (11795)	11/8/1999 8:58:00 PM
From: virgil vancleave	Read Replies (1) of 14162

Hi all! Hope all your trades are going as well as mine. I have been long now for over a month when I saw the trend change. It is time to start looking for new covered positions going into december, especially since I will get called on my brkt position in which I sold nov 12.5 calls and it is at 15 now. I made a nice 20 percent return so I will not complain and brkt is a roller, which means it will give me another opportunity to ride it again. I have caught a couple stocks that look interesting but call premiums are low. One is zolt, insiders are buying and stock is looking stable after a long decline. The other is cell, which I have traded twice now. Bought at 7, sold at 8 1/2, bought friday at 8 1/8 and am still long with the price at 8.5. It would be nice to get a little more strength so I can sell the dec call and buy it back on any dips. cell data to look at. first a one year chart. notice it is just breaking above the 200 dma and on above average volume! quote.yahoo.com now, look at the fundamentals. Nice low price to sales ratio, some cash, although some debt which looks worse since the stock declined so significantly 8 months ago. biz.yahoo.com Now, look at the insider activity. seems they like their own company. biz.yahoo.com any opinions out there? Any other ideas. I watched pilt the last few days and could only paper trade it and watch as it has went from 12 to 18. I will keep posting with links to help out. As herm and some of you know, I am the bearish one when the trend changes and am definitely not afraid of taking the short side or buying puts. In fact, that is where my quickest profits have been. good luck all

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