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: Douglas Webb who wrote (4995)	9/24/1997 6:54:00 PM
From: Herm	of 14162

Doug, There is a massive resistance level at $15-$16 according to the charts. The RSI had been rising and backed off. The price moved midway the Bollinger Bands. The stock will move sideways until some news, earnings report breaks the spell. In that case, look at the TRO and see how many days it takes for Ugly to move 100% of float and pick a very high strike price and grab the premies. Anything is better than just waiting. Of course, the strike price you pick should be above your net cost basis (nut). As far as paying for a service? You can always learn something from paying sevices. But, the best advice is usually free! I have not found that many that really are worth the money! Just my opinion. We have more experts on this forum than all the stock brokers combined.

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