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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: mc who wrote (5689)	10/28/1997 11:38:00 PM
From: Vol	Read Replies (1) \| Respond to of 14162

doubled down on vvus today. NUT is now about 27.5. i'm only gonna sell cc's on half if we get a bounce in the next week, cause i think there is lot of upside potential intermed to long term. did y'all read that analyst rec on vvus with prediciton of $75!! going to be a wide ride! vol

To: mc who wrote (5689)	10/29/1997 7:56:00 AM
From: Vol	Read Replies (2) \| Respond to of 14162

gary, Re:when to write cc depends on your goal. if just safe monthly return, then i will write at the money/in the money call when i buy the stock. (see siliconinvestor.com if you want to keep the stock, wait for TA to show you the top (bb, rsi, stochastics, tea leaves) then write call. cover when stock drops down to lower bb, rsi<30. guys on here like herm, doug, etc are good with TA. watch out for sailor, he's sneaky. <gggg> he tells us he's buying, then we all jump in and buy and he dumps his 100K shares. we like to call him Vinik Jr. hehehe vol

To: mc who wrote (5689)	11/3/1997 2:18:00 PM
From: mc	Read Replies (1) \| Respond to of 14162

Re: IOM - is anyone CCing? I need a little help. Situation: Before earnings came out, I had some calls written and the stock would have been called away. For two reasons, I bought back the calls and wrote some in the money Feb 22 1/2 calls. I did this because I needed to push the sale (if I got called out) to next tax year and there were no January's available. The other reason was that I incorrectly anticipated a weaker than expected earnings report and thought I'd be able to buy my calls back. Obviously, IOM reported good earnings and has been moving up. I now am short those deep in the money calls. The questions: Is IOM going to keep moving up? Should I buy back my calls at a loss (not too bad for tax purposes this late in the year) and roll up to a higher strike price? This would be expensive and obviously put some of my profits back on the table. Or should I just sit and wait it out, hoping for a dip to buy them back? I'm still uncertain as to their potential continued earnings increases due to cheaper faster competition coming on the market. Any advice would be appreciated. I'm certainly not losing sleep over it since I'll pocket a 50% profit if i get called in February (nut = 15.02). Thanks, Gary (who is really testing Herm's no lose money rule lately due to VVUS - ouch)