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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: LindyBill who wrote (2489)	9/24/2001 8:01:05 PM
From: Brian Sullivan	Read Replies (2) of 5205

I agree with those that say you are taking a high risk approach. As a short term trader you need to be awake and following the market 9-4 Eastern time. You seem to have a made a bet that the market or at least the QQQ will hit new 52-week lows. It appears that you are basing some of this on the local Hawaiian economy. While I too am worried about the future of the economy going forward I wouldn't want to be making a big short term bet at this time. The market indicators say that this market is extremely over sold right now and we could easily have a 10-15% rally in the QQQ's.

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