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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 (12942)	6/14/2000 2:46:00 PM
From: virgil vancleave	Respond to of 14162

I still have clzr on my watch list. Unfortunately, I know only what info is available on the net as for their products, etc. I did notice they recently got fda approval for another laser application. I am in ifmx now. Only 1500 shares and I sold july 7 1/2's for 7/8. It is looking good at present. I am looking to buy some pmtc, but it just doesn't seem to come to my price. Comes down to where my bid is and then ticks up every time. I like its valuation and the chart appears to have stabilized. Also, it seems to be a very liquid stock and the options are somewhat liquid also. I found a little gem I made money on before that I am glad was just for short term. nmgc is the ticker. The stock is at 2 3/4 now, when I had it was at around 10. The company has near 4 a share in cash and no debt which makes you wonder what is wrong. I am doing some more digging for now, but I look at the price there like buying an option that doesn't expire. Sure it may go down more, but the downside can't be more than the price. I will buy some on a limited basis on weakness, or a weak day in the market. I closed out my month for june options a week early since until yesterday, I had no open positions. Once again, I made my goal of at least a 10% return. So far in 2000, I have been fortunate enough to make over 10% every month, including march and april. The methods we all use here and you teach really do work, especially if you are a disciplined investor and do some homework. Good luck all. I will keep you updated on any new ideas or positions.

To: Herm who wrote (12942)	6/15/2000 6:29:00 PM
From: jaytee	Read Replies (1) \| Respond to of 14162

Hi Herm: Your "play" has me interested (GSTRF). My daughter is expressing an interest in saving for college. Thought I would introduce her to your thread and this CC. Would you say that the BB's are converging? Signifying a breakout (either way?) Would you say the RSI has a "modest" upturn? (although it's sitting at the bottom rung of the ladder (good!) What do your eagle eyes see in the OBV, so that I may learn and pass it on to the "next generation"? Does it look the the STO is relatively "flat"? And perhaps the green k% is about to (hopefully) start it's journey "north" and cross the other line? Appreciate any seeing eye'dog tips you can share with these tired old eyes. jaytee PS how is MR STOCK treating you? I'd like to set my daughter up with an inexpensive broker . . . when she can't afford to do 4 or more calls, our present source seems to eat up all the profit , if you know what I mean. thanx