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To: Gersh Avery who wrote (7020)10/15/1999 1:14:00 PM
From: MonsieurGonzo  Read Replies (1) | Respond to of 11051
 
Gersh: short calls

CCalls sold on (some) CORE stox when SPY @ 50d EMA, to cover when SPY @ 200d EMA. Second month doing this. SPY's 50:200 divergence decreasing, so will have to do something else NOV.

fwiw, CC's do not make up for losses in core stock+bond NAV paper account equity; ie., reality = "pizza tip", Gersh :-/

BTW, thanks again heads up on not only Greenspan newsblurb but also SP99Z after-market action - I had my trading screen off, and would have missed it otherwise.

TheDonald's gotta be seeing an "upwave" entry point today, right ?

-Steve