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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 (13497)1/23/2001 2:23:55 PM
From: virgil vancleave  Read Replies (1) of 14162
 
Hi again herm and all:

Just thought I would check in again. Year 2000 was pretty good to me with a nice 300% return overall. As most know, i am sometimes known as the bearish one and am not afraid to say I trade the short side frequently using my margin.
Currently, i am in fact long pcg and down slightly, but have only a small and uncovered position since I see more upside here than downside. I am also short emlx, which is at stratospheric valuations and is/has formed a nice double top from about a year ago. This one is not for the faint at heart though. I have shorted it and covered and have now shorted it for the second time this month.
Another one at high valuation is qlgc. I am sure there are more.
Now for a couple longs. I like wmi, aw, and some semi equip makers if they have more weakness. Generally speaking, i am not so sure the bear is out of the overall market though. It is true that interest rates have and are going down, but it is for the banks, which are generally in trouble, than for the market.
Just my opinion and two cents here. i am now living in new york and don't have to go to sea for a few years so will have more time to contribute here and also to trade thie market.
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