Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: Rob C. who wrote (5561)	12/5/1997 10:40:00 AM
From: ed doell	Read Replies (1) of 26039

Rob, I agree with you. But I am open to being pleasantly surprised. Your strategy of writing covered calls is an excellent long term one IMO. The historic retro-trend after a 30 % price rise is exactly why I have been saying that a base at 10 1/2, well in place in the month of December, would be technically the best possible price action. It would heal the technical damage above it. Today's price action IMO looks very good from the perspective I have been making over the last few days. With your strategy, it gets tough when the stock trades between the two strike prices. Good luck. BTW are you saying that the 12.5 price sometimes moves without relation to the price (some other factor kicks in a premium other than price. If that is so, that would be very interesting.) Ed

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