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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: George Cowsar who wrote (11370)	8/13/1999 9:40:00 AM
From: Herm	Read Replies (3) \| Respond to of 14162

Hi George, Good question. I have completed two rounds of CCs with IFMX and purchased 200 more shares using the CCs to help purchase them. I now hold 700 shares. I sold two rounds of CCs out to the month of JAN each time. First, the $10 strike price, covered at with a profit, purchased more share. Second, sold another round at the 7.5s strike price. I'm still holding those at this point with another small profit. I use the BB and RSI as my guide of when to write the CCs and when to cover.IFMX is now going sideways with a downward bias to the $6.00 price level. I will risk waiting it out until I have more profit in my CCs. CANSLIM is ok to use as a guide for good fundamentals to be long on a stock. But, the in and outs of CCing require that you have a working understanding of the WINs approach dynamics and full confidence in the process to not deviate. Otherwise, the outcomes will be more subjective and you will second guess yourself and work too hard. In the long run, you will fall behind and not able to retain your gains. I learned that the hard way! Please do review the WINs free PowerPoint presentation at webbindustries.com. Thanks for your question.