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: virgil vancleave who wrote (9562)	2/3/1999 8:00:00 AM
From: Herm	Read Replies (2) of 14162

Thanks Virgil for your possible Bear Trap alerts and insights. Allow me to add some quick observations: RMBS Looks a bounce is underway. TKLC Sure looks like a "head and shoulders" chart pattern and perhaps timber for TKLC. AMZN What goes up, must come down faster! Sure looks like a cliff drop down to $77 level from the current $100+ level. RSI just dropped below 50 for the first time in months! That usually is an early signal. CDWC CDWC broke a critical $84.00 price support level and it looks like a drop down to $68.00 followed by $52.00. TIMBER! IFMX IFMX tagged the lower BB yesterday and made a small bounce. Volume has dropped off. IFMX may drop down to $8.00 before long with the other computer and network stocks. DELL continues to climb and when it drop, so will CPQ and the rest of the techs.

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