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 (11818)	11/15/1999 5:06:00 PM
From: virgil vancleave	Read Replies (1) of 14162

WOW, it looks like I am back to the drawing board again. I took my profits on cell and zolt today. Sold cell for around 10 and bought at 7 three weeks ago. Glad I did not sell any calls. Zolt I bought 2 weeks ago, but did not sell calls since they had little premium. Sold today on the rally. Nice near 50 percent moves for both since I bought them. I sold because I just have a bearish feeling for the market now. My reasoning: past trends and experience. We are past earnings for most companies and they were strong which will make it even harder to keep the growth going at the present rates. Just look at the reversal in qcom today. Late november and into december is earnings prewarnings season and this year the y2k problem, which I don't think is a big deal. I am not sure what I will do for sure, but I am now over 50% cash with my only long position brkt a sure called position on friday since I sold nov 12.5 calls. anyway, I will keep posting and use links for my picks. I also read this thread every day when I am in port since it also gives me ideas and the coveredcall.com site, which is an excellent source of ideas also. good luck

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