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: Herm who wrote (7987)	7/28/1998 10:23:00 PM
From: Douglas Webb	Read Replies (1) of 14162

I'm still not sure about your target bottom for BTGC... I know it's been down as far as $6, but it looks like it's got real strong support between $7 and $7.50. I think it just might hold on at the current level, like I predicted on the BTGC board. It's that 50% point in the recent rise; that's very often a strong support/resistance level. I've seen it mentioned in relation to lots of different indicators, and I can kindof understand the market psychology which would enforce it... Doug.

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