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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: Spots who wrote (5809)	11/10/1997 8:42:00 AM
From: Herm	Read Replies (2) \| Respond to of 14162

Welcome back! I wrote the Nov. 22 1/2 in order to: 1. Protect myself if VVUS reacts negatively to the death of a user. I'm sure there were other medical problems with this particular user that the blame is totally as a result of using MUSE. Hey, some people react to poppy seeds. The competition's oral pill should be interesting in that area. It's one thing to intake Ginseng and another to take a more powerful drug orally. I would expect a short dip in price perhaps bringing VVUS to touching the $20 for a brief period. If so, I will cover and grab 1/2 to 3/4 points. It's worth it when you are trading 10 contracts like I'm doing. 2. The more cash in the account, the less interest I'm paying on the margin. Also, I have been on the edge of a house call at the current price levels. The CC premies help keep that margin of fat up until VVUS bottoms out! There was finally an open Candlestick on Friday so VVUS may very well zig and zag today and tomorrow and finally reverse.