How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Rodney Lockhart who wrote (4795)	9/15/1997 5:25:00 PM
From: Herm	of 14162

Rodney, I betting that VVUS is going thru the monthly pre-options expiration shakeout by the MMs. There has not been a peep in bad news, the fundamentals have not changed, and the profit just started rolling in. The volume was up there today so you may see the reversal kick in tomorrow or Wednesday. That makes it four straight down days. It has to stop on the fifth or seventh day (1,3,5,7 down days law). My guess is $30 by Friday! With such a large VVUS float turnover it does not take VVUS very long to move up or down on a dime. Very slippery stock indeed. Several readers have made money on catching the ups and downs and covering fast in order to lock in profits. No doubt, VVUS could keep you busy.

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