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: DO$Kapital who wrote (9445)	1/14/1999 7:03:00 PM
From: Herm	Read Replies (1) of 14162

Hello Stephanie, Like the other suggested, you need to take defensive action fast, but, I would suggest to don't try to write CCs on AMZN as your first attempt please! If you have a profit, sell it and get out! If you are hard nose about keeping AMZN then you need to short against the box to lock in all of your profit. That is what the big boys are going to do right now as the AMZN rush to the exits begins. Down -10 today is just the start of a major romp. Check out the chart below. $95 is a possible first bounce with the next major support at $45! $45 is not out of the question considering that a great deal of profit will be made by the big MMs shorting AMNZ - TIMBER!. AMZN Technical Chart! - BEAR TRAP ALERT! iqc.com

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