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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: jaytee who wrote (13405)	11/13/2000 10:16:30 AM
From: virgil vancleave	Read Replies (1) of 14162

Hi again all: Hope all your trades are going well. I covered my short on pdii friday one day too early. I can't bitch since I made a profit. I almost shorted jnic at 108 and am now kicking myself in the rear. Oh well. I went long this morning. I currently have no short positions since I think we will see a bounce to the 3000 level on the naz, which is where the support is. I bought wcom at just above 15. I made money on it last week and am trying to do it again. Therre are some bargains out there, that's for sure. But, with the current trend being down, I would not be buying unless it is for short term gains such as myself. Just for example, if wcom goes above 15 1/2, it is gone. sfam, my other long, may be longer term since it is trading at under 2 times cash on hand. Just some ideas and checking in.

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