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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: Herm who wrote (11196)7/15/1999 12:02:00 PM
From: tuck  Read Replies (1) | Respond to of 14162
 
Herm,

Count me in as someone who will let himself get called away on runaway stocks. ~80% of the time I roll up I get burned. I must say the technique of using a spread order to roll up at least reduces the risk of executing the order, and I recommend it to all.

I've been following GSTRF closely recently. You're a better TA man than I, but I would expect a pullback. I don't know where you stand with respect to overall market performance in the next few months, but I expect a correction by then. It will likely take GSTRF with it. That said, it is clearly the front runner in MSS, and has benefitted from Iridium's woes. Some of us wonder about the viability and size of the market, however. The SI thread and GSTRF is quite informative and mostly free of invective. I'll be curious to know what you think of GSTRF.

Anyhow, I expect to dribble money in to the market after I see the assumed pullback, and may well be a buyer of GSTRF then.

Cheers, Tuck



To: Herm who wrote (11196)7/15/1999 9:02:00 PM
From: Sam2482  Read Replies (1) | Respond to of 14162
 
Herm......Question on charts for BA. The RSI is close to 80 and it is at the top of BB's. Doesn't that indicate that it is overbought? Do you still like it as a CC?



To: Herm who wrote (11196)7/16/1999 10:49:00 AM
From: Shell R. Poust  Read Replies (1) | Respond to of 14162
 
Herm, since you have been in IFMX for a while; what would be
the best way to establish a new position...
1) buy Jan02 7.5 Leaps and sell Aug 99 10 calls or
2) buy common stock and write Aug 99 10 calls???

Sure looks tempting to buy some cheap puts on LU, INTC,MSFT
after one looks at there charts...can't go up forever without correction