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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 (11886)11/23/1999 10:30:00 AM
From: virgil vancleave  Read Replies (1) of 14162
 
Well stated herm. Greed and fear are the market basics. Greed is bad and it will make you lose, I can also speak from experience since I have taken some losses in the past which near wiped me out and made me give up. Now, I am doing well and finished oct/nov with over a 20% return, both by using covered calls and some for trading. It helps that I am not afraid to go short. Look at lwin, which I have posted on a few times. I think it is going to 30. I have been short since 60. It is 45 now. I just bought some heph, cygn, and nmgc. nmgc is undervalued based on sales, cash, etc, but is very unloved and has decent call premiums. Earnings are already ou and were ok. cygn has a product for diabetics, and my family will love that since three of seven have it now. And nsm just like I said hit resistance and has started dropping. Resistance is at 42. I had to paper trade it since I ran out of cash. As my equity position grows, maybe next time I will have more cash and will be able to paly.
good luck all. The wins system really does work and works even better if you know anything about charting and valuation models.
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