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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (39252)	2/14/2001 1:12:10 PM
From: Curbstone	Read Replies (1) \| Respond to of 54805

Have you ever considered writing covered calls? Yes, I have considered it, just never done it. Just found out a coupla days ago that covered-call writing is allowed in my IRA at CSFBdirect. I've read that it's best to find a stock that has a somewhat predictable (yeah, right) price pattern, a stock that is stuck in a "range." The idea is to write the call at the top of the range for a better premium, and either buy it back or do it again at the lows. So aren't we back to a buy low sell high strategy which I totally suck at? AM