How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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

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To: Paul Heye Jr. who wrote (9387)	1/7/1999 9:45:00 PM
From: virgil vancleave	Read Replies (1) of 14162

Just thought I would add something about glm and the oil industry in general. It is beaten down and most stocks are a t long term support areas. Now looking like a safe time for an entry point and may make good covered call candidates. Looking at the chart of oil prices in investors business daily, oil made a low and retested that low and is now starting what appears to be a nice stable trend up. If I were a betting man, I would expect the trend up or even a stabilization to continue since oil is at 1965 to 1975 historical price levels. Charts from a few stocks I like in the sector can be found at the following link. Included are some one year and longer term charts. Hope these help quote.yahoo.com quote.yahoo.com Notice the fact that many of these charts look like they have bottommed and are just above support levels. Some have even been bouncing up from support levels a few times. It is my opinion that the worst is over in the oil industry and that the list I posted may well be worth a look for some covered call writing.

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