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 (12136)	1/4/2000 6:11:00 AM
From: virgil vancleave	Read Replies (1) of 14162

Now that the y2k scare is over, it is nearing the time to be bearish again. Too bad I won't be here since I leave for sea again soon. It is my opinion that we are just about to get a nice correction. Which means that virg-bear is back in action. I sold 75% of my long positions yesterday, and am not short yet. I am looking at qcom, emlx, lwin, and a few others that trade at valuations of 40 or more times revenues since I think these will fall quite quickly. Just putting in my 2 cents. I have been right many times in the past on corrections and made some nice profits on the downside. Covered puts work well also. good luck all.

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