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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 (11537)	9/17/1999 4:02:00 PM
From: RDHickman	Respond to of 14162

Herm! ...and make sure you place enter at the end of each sentence line. Wow! All this time (for many months) I missed the enter "Enter"!!!!! Thanks!!!! /Dick

To: Herm who wrote (11537)	9/17/1999 7:50:00 PM
From: Mike T.	Read Replies (2) \| Respond to of 14162

Herm, I've been using WIN's on IFMX for the past few months, and it's been very effective. I like this company and this stock, and have been monitoring the charts several times a week. I'm noticing a great deal of volume lately, along with some acquisitions the company's made. My nut this round (I got called out last time for a very nice profit) is 7.00 (I hold 1500 shares long). I've waited until now to sell some calls, and decided on the Oct. 7.5's for a cool 1.50. If the stock keeps going up, I still make a nice 28% profit over just about two months. I thought about the Nov. and Jan 7.5's, but I'm not sure how long this support is going to last (RSI is nearly 69 on the daily chart), and I hate giving up the ability to move on a stock. If you have any additional info on IFMX, it would be most appreciated. I know you prefer writing out more months, but I don't want to miss any swings on this stock (obviously, that could work against me if I sell too short-term). I've been using your WIN's approach for the past year plus, and have done pretty well with it, though am still learning chart reading, etc. Thanks, Mike