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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Andrew Williams who wrote (9081)	11/18/1998 11:52:00 AM
From: Riskmgmt	Read Replies (1) of 14162

Andrew: Re: SUNW. I will let Herm answer your question but as I brought this stock to the attention of the board a few comments that may help. Herm's strategy is brilliant IMHO. However, no strategy is foolproof and none can be put on "auto pilot". Outside factors can change things very fast. Look at SUNW's low 5 weeks ago during the big sell-off and think of what changes a company could possibly make to be worth that increased value in 5 weeks. In an earlier post I said "SUNW had a shareholders meeting today that needs to be allowed for. Also Dell reports tomorrow (I think) and could give the techs a lift, however next week is options expiration and I believe we will see lower levels on the indexes. The shareholders meeting and COMDEX show, the FED cut in interest rates and the result of the lawsuit against Microsoft in SUNWs' favor, plus the constant press releases has all effected the stock and RSI. This happens and yes, it was good you did not buy the puts. But all this means IMHO is that when SUNW does run out of steam which it will it's fall will be even more severe. As I also mentioned in an earlier post SUNW is a very volatile stock and tricky, if you can time it right you gain BIG but the reverse is true. Hope this helps-remember time and patience are the best tools of the wins cc strategy. regards, Ray

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