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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (32319)	3/2/2001 4:48:54 PM
From: im a survivor	Read Replies (1) \| Respond to of 65232

<<keith...atml looks fairly strong considering how the last two weeks sold it off...just sold 200 contracts yhe-ae (atml jan02 25) @1......holding back writes on the remaining shares.....it tested the low and bounced...hoping it gets back into the base...trying to sell wij-ar (qcom jan02 90) @ 10 1/2....call prems really swelled today... good luck!>> Because of atml, my portfolio barely stayed in the green on a 60+ down day for naz....still wished I had bought more the other day, but chickened out cause it looked like she broke support....I thought 7 or 8 was possible if naz deteriorated more....shoulda just grabbed some at $10....heck, no matter how low it goes, eventually atml is a steal at $10.......should have loaded the boat, but since I am running low on ammo, I waited for a lower price that never....hasn't yet.....happened.....oh well, maybe next week. Fugly close......but am glad we closed red....we need a serious washout or this will never end........we will probably get a semi rally leading towards rate cut, but overall trend should stay ugly unless we get serious capitulation........ have a good weekend....still can't get sunw to come down anymore....I want more stock and more leaps but she seems to not want to go down any further....oh well, maybe next week.........hope Tom got out of his CMRC trade at the top...she closed ugly and chart doesnt look very appealing.....ntaplooks due for further weakness as well...she was looking like she wanted to base, but today blew that theory all to hell.......

To: edamo who wrote (32319)	3/2/2001 5:45:38 PM
From: FR1	Read Replies (2) \| Respond to of 65232

edamo - Most people seem to be saying that we are bouncing around the bottom now. So I was wondering why you are writing calls at the bottom? If the stocks go up, you lose possession. I guess you feel the $14 difference plus the $1 premium makes it more than worthwhile? The reason I am asking is that I was always told that you sell calls on a rising market and not at a bottom.