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: Wayners who wrote (8339)	8/22/1998 4:05:00 PM
From: Herm	Read Replies (2) of 14162

Hi Wayne, Personally, I understand your detailed explanation and logic behind it. An experienced investor can just extract the technical indicators (BB and RSI) information discussed on this forum and apply it exactly the way you stated and be very successful. Most investors that I have worked with thru email don't know when to buy or sell a stock. They fall in love with the stock and the hype and try to hold out for that last dollar increase. Or, they buy and the stock keeps moving down, down, down, without counter measures. That is were CCing comes in to give them something to hope for such as breaking even. And, I must say I can't remember an email request that was in the hole when we started that has not been able to recover and move on in the black eventually. Some take longer than others to see the light of day. They dug a deep hole because they had no working knowledge of CCing and "options as a strategic investment." So, it's good you pointed out what you did. Eventually, many of the readers and lurkers will do exactly what you advocate. Thanks again! Don't become a stranger. PS - Do you have any stocks you care to mention?

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