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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: djia101362 who wrote (32758)3/8/2001 1:02:55 PM
From: Mannie  Read Replies (1) of 65232
 
dj...well, you have your points, there certainly are no guarantees. If you look at the chart, it appears that AVNX is basing.....I dipped my toe in on this one, not betting the farm.

If indeed AVNX drops to $15, I would be down about $2.50 and I would write for the next month and probably be back to even, or ahead again.

If you want a sure thing, buy a CD or a money market fund....Personally half of my money is in cash, but I continue to use my SEPP-IRA as a covered call portfolio.

good luck out there, Scott
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