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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: duke-nukem who wrote (13569)	2/2/2001 4:05:35 PM
From: Carmen Marzullo	Respond to of 14162

Try SI's stock screener, use the advanced features. There's more than enough there for the screening mentioned.

To: duke-nukem who wrote (13569)	2/5/2001 12:48:13 PM
From: Herm	Read Replies (1) \| Respond to of 14162

Hello Duke-Nukern, Ditti, as the other responder indicated. SI has a stock screener as well. Keep in mind that you encounter stocks in either extreme at any given time. When I look at or discuss stocks, my mental process is to: FINDING THOSE STOCKS 1. Immediately plot the chart patterns of the parent stock to ascertain the market phase and current price trend direction. 2. Determine what your objective will be. Are you bullish or bearish for that stock? What "investor tools" will you apply if you decide to proceed with the investment? 3. Is the risk worth the potential rewards and it the time frame within your comfort level? I don't think you can rely on any screener filter program to do all of the work. There is only one exception perhaps. That is if you are willing to program or purchase a software package like TradeStation by Omega Research and create your own trading rules, apply them, and do backtesting with the software. Only then will you have a true stock screener. FREE OPTION SCREENER SEARCH ENGINE coveredcallswins.com One final point. We can print the name of 100 stocks on this forum of either very high or very low RSI, OBV, BBs etc. The outcomes would run the entire range of the spectrum as far as profit or losses depending on the trading skills and the specific trading tools that are used by individuals. I would say that 90% of the folks would only look at so call upward moving stocks and would not make as much money as the person who employed both bullish and bearish trading rules. In other words, they would not exploit all of the opportunities. After all, covered call writing is primarily profitable in an upward moving market phase or trend. Yes, it can serve as a defensive hedge if you need it. But, that should not be the primary application. I don't care which way a stock is moving. I only wish to profit from the price trend be it up or down. Makes no difference to me if I'm making a profit off that investment.