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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 (13655)	3/8/2001 9:05:55 AM
From: Shell R. Poust	Read Replies (1) \| Respond to of 14162

Hi Herm Wouldn't that be great if the WINS Leap Dow Spread is a leading indicator of a direction change. I did a bull spread on DD and IP about two weeks ago. I never thought both would go up this much in the last few days; what should be the next step to do? buy some April puts. With perfect hindsight now,I should had bought the Jan 2002 and then sell the short term calls now.Ericy might be a great play now; Buy Jan 6.25 2002 calls at 3.75 or less and sell the July 10 calls Shell

To: Herm who wrote (13655)	3/14/2001 1:33:01 PM
From: virgil vancleave	Read Replies (2) \| Respond to of 14162

Hi again herm and all: I usually watch the nas, dow and s & p. I look for distribution as described by William O'neil in investors daily to follow the market internals and trends. I also watch the adv/decline line and some other indicators. Looks like I have been right on the money again on the bear side. That being said, there are some real attractive "bargains out there on the long side in many companies. I still have all short positions for trading, but I am watching and have a nice healthy list of potential longs which do trade options. You just have to love it when you can buy at cash levels in a company that has no debt, and some are at that level. example.... pcti. it is a buy at 7 or less. I would wait to buy in general as noone knows where the bottom is to this market and every time the "experts " say we are there, we go lower. I am looking for nasdaq of 1500 or lower and a possible dow below 8000, but that is just my opinion. I also notice this board is quiet, which means longs are scared, another indicator that at least a short term bottom may be near. Hope this helps. Good luck