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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 (5376)10/9/1997 5:55:00 PM
From: jim clabaugh   of 14162
 
herm,

what's the psychology of this pull back?
VVUS reported positive surprise earnings and the stock plummets.
how do we read that?

when good news causes a retreat, how do we anticipate it and know when it is going to stop?

my charts have showed that there should have been a larger pull back on 9/19 and 9/30, but those barely show up today. we haven't seen the bottom band since almost touching it on 9/15.

what number of days MA are you using for VVUS?

i'd like to buy bak my oct30cc but don't know if i should just buy/write the nov35cc to guarantee my cost or wait til it rises again.
what do you think? is this puppy going to jump up again and when or is it slowing deflating?

cheers,
jim.
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