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: Dan Duchardt who wrote (10371)	4/14/1999 8:53:00 PM
From: Herm	Read Replies (3) of 14162

Hi Dan! You had some lighting fast action today. And, you nailed each extreme swing in the volatility in your favor. Ride Em cowboy! CYCH is not expected to make a profit this year. So, I can't see CYCH breaking into a new high and staying there for any length of time. The chart pattern for the past two years confirms the trading pattern for CYCH. The RSI is just about peaked out and the upper BB is enlongated. Not much upside remaining in CYCH. NASDAQ: (CYCH : $18 3/16) $201 million Market Cap at April 14, 1999 Loss Expected for 1999; Internet Products & Services SubIndustry priced at 547.8X PE. bigcharts.com The trading ticks show a compliment to the chart. Only 2 large blocks today versus 4 yesterday. And, each day other large block cancelled out the other. Today, the spread was massive for the short against the box. Normallly, it would seem easier to short CYCH at this point than trying to make a new high except that CYCH with a small Float: 8,000,000 shares; Daily Volume: 830,600 shares/day; has a super fast float turnover Rate of only 9.63 Days! WOW! This is one rock n roll stock Dan. Just as long as you understand the dynamics of this viper you can be on the right side of the momentum. The serious money is not going to stick around and leave the money on the table. CYBERCASH INC (NASDAQ:CYCH Last Sale: 18 3/16 -2 15/16) CYCH Trading Summary 14-APR-99 Ticks Money Flow($MM) Avg. Price Small Blocks +502 -520 +6.3 -5.7 20.0454 Large Blocks +2 -2 +0.7 -0.4 22.1125 Total: +504 -522 +6.9 -6.1 20.1479 13-APR-99 Ticks Money Flow($MM) Avg. Price Small Blocks +583 -550 +6.7 -7.1 18.4499 Large Blocks +4 -4 +0.9 -1.4 18.2461 Total: +587 -554 +7.6 -8.6 18.4296 MyTrack is an interesting piece of software. The "trading contest" has some interesting applications even for WINs learners out there. It would be possible to test run the applications of WINs. Hummmm?

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