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Technology Stocks : SMSC Standard Microsystems

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To: dwight vickers who wrote (178)7/7/1997 4:26:00 PM
From: Jim Goodman   of 335
 
excellent, dwight....but, I just hardly ever write covered calls....I pretty much just sell, at resistance, if that seems the correct likely thing to do, and use that money elsewhere, finding another issue which has more potential from it's lows, than the already-up issue has, from it's resistance...dig ?

yes, am in NOVL pilot positions long, near recent lows....it is good you recognize base capabilities at all....so few do.... "PSYCLE sm" traders are very patient, and have no emotional needs for excitement nor winning....you have good potential....

am also in APM 22+, close stop, long, and just added ADTN under 25, close stop, CFS near lows, SHVA maybe, OAKT as exhaustion low, DIMD pretty good looking at $ 7., close stop, ACE @ 6 5/8, NETM only at $ 2 5/8 or so, for a cheapie shot base....also considering PCTL ? and, small losses,so far, in AXC, FTPS, FRLN, as all just broke base....all in depressed Tech groups....
till next time, take care,
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