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Strategies & Market Trends : Stochastics

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To: Wayners who wrote (857)	9/29/1998 6:31:00 PM
From: Cathedra	Read Replies (1) of 927

Wayne, I am messing around with Internet stocks again, only I am trying to rebuild my confidence by going for singles rather than home runs. I put in an order to buy Network Solution (NSOL) at $39, looking to get out around $46. What do you think? I also have CMGI stock, and expect it to make another upmove within days. Since I don't expect it to get anywhere near my cost ($80), I just want to write covered calls to earn some income. I put in an order to write October $60 calls at $9. Do you think that is too greedy? Finally, I can't resist quoting you, "What are you flipping these days?" Hope all is well, and thanks again for your help.

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