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Strategies & Market Trends : Classic TA Workplace

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To: JustTradeEm who wrote (47894)	7/28/2002 10:59:34 AM
From: mishedlo	Read Replies (1) of 209892

I agree with you that posts such as one asking what are everyone's thoughts on a stock hitting 27.5, 30 and 35 over the next 4 years is a waste of bandwidth and most likely falls into your above mentioned category. I have visions of Zeev's thread with hundreds of useless posts following. There was a basis for that question. If someone wants every post to contain a chart they probably should just start their own thread and make it a requirement. I am looking for relatively safe plays for my IRA and that is why I asked. LEAP calls on MRO (alternatively RD, etc) are so cheap even streched out to 2005, one would only need to see 27.5 or so even it took until 2005 to break eve. 30 would be a 50% gain and 35 a 100% gain. Thus my question which I purposely did not explain, because I did not want to influence anyone with what I was thinking about. Now perhaps I could easily have asked about MRO falling to 15 or so, but with a PE of 7 and a dividend of 4% how bad is this? Of course the CALLs do not get you a dividend, but covered calls would. Let's check the authority. finance.yahoo.com Is that such a horrid chart? Well the recent plunge is not so great but it is near support. What will war do to price of oil? How the H does anyone know for sure but I would think up. Is trying to figure out what might make a chart turn a horrid idea? Is max pain useless because it does not show a chart? I also plead total ignorance in being able to plot EWAVE to this. Shame shame. But back to a thought process, obviously useless because it is not based on Ewave, one could sell the 2005 covered call and get 5 points for it. That offers protection all the way down to 17 meanwhile earning 4% dividends knowing full well that MRO is not likely to go bankrupt any time soon. If the stock gets called from you, you get about 10% return/year. There are other plays one could do such as selling the 2004 covered call for $4 and buying the 2005 covered call for $5. This play could hit a home run if the economy chops around for 2 more years then takes off. Wouldn't it be nice to pocket the $4 and suddenly have the other call worth $10 on a late move over 30. I PURPOSELY did not state my reasons so as to not influence anyone. Apologies to everyone that demands an EWave chart with 5000 lines. M

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