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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 (12272)	1/27/2000 9:01:00 AM
From: Jonathan Thomas	Read Replies (1) \| Respond to of 14162

Thanks Herm... Let me preface this by agreeing with what you said. With higher than expected earnings, I'm kicking myself for not at least selling some puts when the stock crossed into the 9's earlier, TWICE. Both times I decided that IFMX is moving around too much for me to feel comfortable with it. Now, I see upside, but this is where I would bow out of the position. I see short term RSI sky high, and even long term is getting up there. WIth your information regarding possible long term holdings selling their positions, I would sell the 12.5s 2-3 months out, or the 15s if you think it has what it takes to stay in the mid-high teens. Not having a position right now, my choice is to sit back and wait for the next pattern to develop, and move back in when some settling has taken place. Thanks for the update, I watch this stock constantly, and when this "round" of my positions are up, I may look to get in if things look right... Thanks... Ryan