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

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To: Steve J. who wrote (6576)1/27/1998 5:19:00 PM
From: Herm  Read Replies (1) of 14162
 
The VVUS profit taking started to set in today at $15.00. Afterall, a run up from the $10 to $15 is a whopping 50% increase in two weeks time! The volume dropped a little today. I would not be surprise to see whipsaw action before another climb up back to $20. There is basically no overhead resistance until that! Those media spots will start to kick in at the end of this week! VERY POSITIVE out look!

See Doug's chart. Still in buy territory!

webbindustries.com
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