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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: rkf who wrote (5674)	10/27/1997 10:57:00 PM
From: Vol	Respond to of 14162

Doug-E-Fresh, CREAF looks good to me - didn't get hit as badly as other tech's. Will prob replace my APM with CREAF tomorrow. i'm already in on COMS and CPQ at a NUT that looked real good 2 days ago <ggg> once bottom hits may get some more to avg down. stocks to look at tomorrow are ones that held up well today. ANDW only lost 2%, don't know why. it's on Briefing.com's tech buy list. reality check - dive bombs like today (and tomorrow?) really hurt cc strategy cause they lower your nut to the point where you can't write a decent cc without locking in a loss. any comments on this? avg down, if you have the $$$, seems like only solution. alternative is to sell half stock, replace with 2x # of calls to make up losses in long run and keep writing cc's on half you have left. btw HK is down 13.5% as i type. tomorrow prob ain't gonna be pretty. took a gamble and bought puts on tech index (TXX) earlier today and on one of the most ridiculously overpriced stock i could think of at the time - AOL. Both easing some of the pain. vol