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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: Ron who wrote (13417)11/13/2000 3:44:41 PM
From: virgil vancleave  Read Replies (2) | Respond to of 14162
 
I couldn't help myself and took profits on wcom at 16 13/16. A nice 10% return for the day on it. Too bad I can't do that everyday.
I am still long sfam and wanted to buy more this morning, but had my money tied up in wcom. Now it is back up also. It is hard to keep a stock down that is trading near cash levels. Much like hdd a few months ago before it got bought out on me. Another couple I like are npix, mtsn, egls, hlit, klic, and ntai. All are cash rich with low debt and attractive prospects for the future, and trade options, making them great covered call plays. I mention covered calls again since it appears the market has put in at least a short term bottom today.
Hope the ideas help. Oh, and add efii and clzr to that list. Good luck.