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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 (11986)	12/2/1999 11:20:00 PM
From: Jonathan Thomas	Read Replies (1) of 14162

Herm, I was just about to post when I saw Dan's thoughts on IFMX. I was thinking along the same lines as he is, preparing to get in on in at a good price point. I'm waiting to see how far it will pull back, but I'm hoping a down market can "help" pull it back in the low 8s, and get DIS back in the 26 range, so I can cherry pick that. I know you follow these 2 beauties, what is your take on them in terms of their movement, and trends. Its hard to tell with either stock at this point, but IFMX could fall right back into it's old pattern. DIS has a LOT of resistance at 30, and seems to have bounced off it 7 times since the summer months. Even in an up market, its resistance levels are too high for it to move any more without a serious breakout. It looks like it could pull back to 26, a good price IMO. Again, I'd like to hear your thoughts...(I was thinking of just writing ITM Naked Puts when the stocks fell far enough.) Thanks... Ryan

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