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: Marlin C. Harmon who wrote (5326)	10/8/1997 4:54:00 PM
From: Herm	of 14162

Thanks for your question Marlin, In looking over WDC plotted with the Bollinger Bands, RSI, and Candlesticks I concur that WDC is at a bottom support level. The RSI has dropped below 26 for the third time this year. The closing price is pass the lower Bollinger Band! So, the odds are a solid yes it may be time to jump back on board that stock. How to capture some profits? Personally, I would buy the stock and wait for a four point increase which should not take too long with WDC. The monthly float turnover is 102% or 21+ days for 100% float turnover. That's a fast moving stock! Check out Doug's web site. webbindustries.com You might want to check out the short interest to see how much turbo charge you can get. No doubt it should help!

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