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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: Shell R. Poust who wrote (11288)	7/23/1999 10:47:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 14162

anyone know why I can no longer access data over at Dougs Stock Emporium?

To: Shell R. Poust who wrote (11288)	7/24/1999 11:10:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

I looked at the IFMX chart this morning. Same old WINs pattern. :-) I just keep on milking those JAN 10s which are locking in my IFMX capital appreciation as they decay. The chart reads at this point a cycling towards the $6.50 before a lower BB tag and reversal. So, in hindsight ITM IFMX PUTs would have panned out. You should cover your current CCs @ 1/8s and execute another round of CCs for the 7.5s NOV @ 1 1/2 for the IFMX price ride down to $$6.50. This particular CC strike is ITM right now ($7.5)and should quickly be OTM by next week or so. You should be able to grab another 1/2 point perhaps before covering. In the meantime, you have those bucks in your account.