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 (13655)	3/14/2001 1:33:01 PM
From: virgil vancleave	Read Replies (2) of 14162

Hi again herm and all: I usually watch the nas, dow and s & p. I look for distribution as described by William O'neil in investors daily to follow the market internals and trends. I also watch the adv/decline line and some other indicators. Looks like I have been right on the money again on the bear side. That being said, there are some real attractive "bargains out there on the long side in many companies. I still have all short positions for trading, but I am watching and have a nice healthy list of potential longs which do trade options. You just have to love it when you can buy at cash levels in a company that has no debt, and some are at that level. example.... pcti. it is a buy at 7 or less. I would wait to buy in general as noone knows where the bottom is to this market and every time the "experts " say we are there, we go lower. I am looking for nasdaq of 1500 or lower and a possible dow below 8000, but that is just my opinion. I also notice this board is quiet, which means longs are scared, another indicator that at least a short term bottom may be near. Hope this helps. Good luck

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