Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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To: Cary Salsberg who wrote (5003)	8/21/2002 11:49:29 PM
From: Cary Salsberg	Read Replies (2) of 95383

This is intended for long term investors who pay too much attention to be passive LTB&Hers, but do not want to be intermediate term traders. I am one. I want to sell way out of the money, ~6 month covered calls when there is a good return and little likelihood that my shares will be called away. Hopefully, this rally will continue and offer such an opportunity. I picked 4 variable to follow: prices, resistance levels, 12 month analyst targets, and the strike price on ~6 month out calls which yield a premium of >= 10%. Ideally, a strike price above major resistance and close to or above the 12 month target with a >=10% premium is what I thought should be looked for. I would like input (help) on the resistance levels as they are just my eye-ball and technicians can probably improve on it. I would like comments on the philosophy and methodology from long term investors who are or are not interested in pursuing this idea.

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