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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 (9019)11/14/1998 11:39:00 AM
From: Herm  Read Replies (3) of 14162
 
CTXS and SUNW FOLLOW-UP

I like to double check stocks that are mentioned on this forum to see
if they do turn out as predicted. CTXS was pulling back (dropping
RSI) and turned 180 degrees to make a new high out of the clear blue
and never made it to the lower BB. But, it is going to tag that upper
BB and dive very soon. Yes, that will happen one and a while! Not
often. If you are CCing and never used a technical gauge like the
W.I.N.S. approach does then I would be willing to bet that you have
or had more surprises than you care to mention. Otherwise, you would
not me reading this forum everyday!

SUNW was a text book W.I.N.S. upper BB tag and reversal this week
with confirming RSI dive. Personally, if I owned SUNW I would have
sold CCs for the 50JAN01 LEAPs @ 27 3/8s. That LEAP has eroded by 3
1/2 so far. Do you know what a 27 point downside protection feels
like? The BB and RSI indicate a maximum bottom of $50 for SUNW on
this pullback. That's a $10 point drop from the current $60.00 price.

askresearch.com

At Yahoo, I pulled down this news item on insider selling just filed.
Give me a new 52-week high in the stock price, a eminent upper BB tag
just around the corner, and I will show you a stock price that will
sooner or later dive on profit taking. In fact, I would not be
surprised if the current CTXS was caused by unknown inside/outside
forces as a play.

quote.yahoo.com
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