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

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To: Herm who wrote (4991)9/24/1997 6:15:00 PM
From: Douglas Webb   of 14162
 
That VectorVest site looks pretty good. They stopped me after 10 evaluations, though. I'm hoping this is a daily limit. Herm, what's your impression? Is this a service worth subscribing too? My thought was to start running my cc-finder program again, and use VectorVest to weed out the stocks that are volatile because they're high-risk, rather than just very active. We might get some good hits. I'd need to evaluate about 60 stocks a day, though. (I suppose some of them will never be worthwhile... if I take them out of the master list, that would probably help.)

Here's a question for everyone: UGLY had been slowly recovering, and the past few day's it's languished around $14.40. All of a sudden today, in the last 30 minutes of trading, it shot up to $15 1/8, and closed at $15. Volume was pretty low until this frenzy, and it ended up trading average volume. So far I haven't come across any news. Does anyone have any idea what might have caused this? I'm pretty happy, btw. Early this afternoon, I was getting antsy because I though UGLY might have peaked, and I almost wrote calls on it. Indecision won out, and I didn't write them. The question is, do I write them first thing tomorrow, or do I have a rocket on my hands?

Doug.
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