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: Douglas Webb who wrote (7994)	7/29/1998 5:31:00 PM
From: Herm	Read Replies (1) of 14162

Hello Doug, I'm waiting for the price to tag the lower BB and the RSI to drop even more. Hopefully, on a day with a volume increase of more than 25% than average. I was almost tempted to short 700 shares today at BTGC peak. The volume was not there and I did expect BTGC to drop in the absence of news. "a stock will fall by from it's own weight in the absence of good news or expectations." I'm still thinking BTGC will dip below $7.00 again soon! Maybe then we can check out those BTGCL warrants for some upside BTGC kahunas. In the meantime, those 7 CCs for 1 3/4s are approaching 1 1/16s and I should be able to cover at 3/4s to 7/8s and keep 1 point for my efforts. So, that's another 100 shares I can average down some more.

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