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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: Dan Duchardt who wrote (11988)	12/3/1999 10:02:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

ABTE Hummmm? Considering the doubts about ABTE at this time, a class-action law suit against ABTE, and Asensio putting out the word, the shorts are going to pound this stock into the $3.00 zone before they are done. It really puts the company at a disadvantage to defend itself until the dust settles on the SEC probe. askresearch.com Unless, you have the stomach for CCing down strikes and doing PUTs sideshows, I would say move on! You would be defending your position by defensive moves. Yes, you could manage to keep your head above water applying WINs. I would be concerned about the stock being cheap enough at $8 to draw the attention of the shorts as they jump on board. You could do the same thing! Reminds me of the old saying, "let the trend be your friend." If you are going to lose sleep, then bite it and take your tax write off now! Another factor, below $5.00 you can't use margin to buy ABTE. That seems to be a kill zone target for shorts! It's like spreading blood in the ocean to chum for sharks.