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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Mr Logic who wrote (17240)5/20/1998 10:32:00 AM
From: Karl Drobnic  Read Replies (3) of 31646
 
Patrick: See Viktor's post at 17242. He's right on. What we see depends on the time frame of the chart we're looking at. I'll add that the buying I'm doing now is for my income account, not my long term account, and not my trading account. I intend to sell covered calls against the new purchases with an objective of making 30% annually on two trades. I think there is a high likelihood of making more than that, but that remains to be seen. I'll add that I'm in no particular hurry to be the first person to sell a covered call on Tava. I just think this is a good point to establish a position with the above objective. And if I had a different objective, such as a trading objective, I'd be looking at a different chart.
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