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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 (9292)12/25/1998 11:21:00 AM
From: virgil vancleave  Read Replies (2) of 14162
 
Hi again everyone. I just got back from my 3 months at sea. I haven't had time yet to check any stocks out much, but the day before I left old greenspan lowered interest rates and I could not help myself except to load my account up with longs and cover all my short positions and sell my puts. Looks like I made a quite correct move. I am planning to do some homework this weekend and will post here again if you all like. As you probably knew from sept and october, I was bearish and made some good calls.
Not that I like amzon or a few of the others, but if it was overvalued before, it is grossly hyped up now. But, I would not be short as of yet. I think the advance/decline line is positive but, I have not checked yet. I just got home yesterday and am glad to be back.

anyway, MERRY CHRISTMAS TO EVERYONE. my long while I was gone moved to the NYSE and has ticker symbol of mre. I bought at 17. My other small long position was/is anik; except that it is down some. I paid 11. But, I am hoding and thinking of buying more for some covered call methods. Let me know what you think of it. anik has over $2 per share in cash and is profitable and is also buying their own stock back.

It is good to be home. GOOD LUCK
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