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Technology Stocks : INTEL TRADER

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To: Berney who wrote (4286)10/10/1998 1:37:00 AM
From: smolejv@gmx.net  Read Replies (2) of 11051
 
Berney, DONT just trust stochastics, its no good in trendy times, cause it gives you a lot of false signals (its computer-generated churning and you're the chipmunk in the mill). Trust MACD and RSI more when the trend in the underlying is evident. Well, dont trust anything including me (g).

Re covered calls and casinos: covered (COVERED) call is much safer that just the underlying, so just buying GE for instance is much more CASINO than GE stock plus a covered call on it. Fact is, the trade is both - the underlying AND the sold call on it. So covered call is actually a misnomer - like you may have guys, who go and sell the underlying down the road, which turns then the previously solid combination into a Casino case.

dj
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