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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (790)	5/24/2001 11:39:07 PM
From: StockHawk	Read Replies (2) of 5205

with qcom at 70, the AAFFOs are only bid at 1.80, a puny 2.6%... I may sit June out Right now buying calls may be wiser than selling them, and sitting makes good sense. The market is giving many indications that it wants to move up. The Nasdaq did not sell off after last Wednesday's spike up and it did not sell off after this Monday's strong rise. Finally, yesterday after rising for six days it did fall - but on low volume, which is a positive sign. Today, despite the Senate news which should be market negative, the Nas closed with a gain. Intel said some positive things and Greenspan tonight indicated that inflation was not a problem and that more rate cuts will be delivered if necessary. All these things point to a further rise. As the saying goes, the trend is your friend, don't try to fight it. No market goes up every day, there will still be pullbacks, but right now it appears that the tide is rising. That is something to keep in mind when making decisions now, at least until something happens to indicate the direction is changing. StockHawk

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