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: rkf who wrote (7196)	3/31/1998 8:18:00 AM
From: Herm	Read Replies (2) of 14162

Hello Everyone! Doug's 2-Line Chart shows a SOLID up buy for VVUS. webbindustries.com Depending on your trading strategy, new money could do a quick buy/write for some quick CC premies. Check out some possible CC premies and the rate of return for one and two months out! webbindustries.com VVUS broke through the 50-day moving average between Friday and Monday on higher volume days. "Volume precedes price!" VVUS has provided an important momentum and daytrading signal. Expect that new money to jump into VVUS for wide price swings and some quick profits. The more volume and money, the higher possibility of a VVUS SHORT SQUEEZE! 30% of VVUS is held in short interest. That is some serious money and price increase for VVUS. This could be the big reversal to push VVUS past that $15.00 overhead resistance point. Once past $15 expect an EASY $20 within a week. 100% return in two weeks is not bad! Profit taking should kick in and us CCers should be selling CCs at the money and wait for that pull back to pocket that easy change in our accounts. For now, sit back and smile! Earnings report is coming out and I suspect a surprise and perhaps an FDA announcement! Why else would the CEO announce an increase in VVUS sales force? Without an FDA ok, the new plant is useless! It stands to reason the FDA finally gave them the OK. Just my opinion of course. I feel better about VVUS now that there is some action. Feeling good? Pick up some PUTs (as a sideshow) before the pull back to sweeten the $ pot! 207.95.154.130 You will notice that VVUS typically surpasses it's upper Bollinger Bands during upward price spurts. Very nice sign for our old viper. 207.95.154.130

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