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To: GVC who wrote (7132)	8/13/1999 1:54:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 81247

Thanks for the chart. It seems I got a little too smart / too fancy for my own good with ABX. After selling it in May at $US23.25, then replacing it at $US17.50, I watched it go up to about 19.75 in early July. Now the 14 day stochastic on your chart indicates a sell, and I should have just sold it, but I got fancy and sold August 20 covered calls. I was actually hoping it would act like a limit order and sell the shares for me and I would pocket the $1.125 premium. When it dipped back down under $18, and your 14 day stochastic clearly shows a buy, I should have done something ! Either buy more ABX or buy the calls back which were about $0.25. I did neither, so I'm just sitting here long ABX, short Aug 20 calls, and waiting for August 21st. If the stock get called, I effectively get $21.125. If it doesn't, the $1.125 premium effectively reduces my basis to $16.375. Since I think ABX is a buy at $17 and a sell at $20, I'm better off either way it goes.