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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: penthouse mike who wrote (31424)4/30/2012 10:29:46 AM
From: GROUND ZERO™  Read Replies (3) | Respond to of 222899
 
I plan to hold my covered call position until expiration no matter how high the market goes... 1405 is only a minor VP, it means nothing to the long position other than a possible pull back which would be only temporary, most likely... mind you, if the market goes nowhere for the next few weeks, I still make my money... if I get a sell signal, then I would go short, definitely, but not until then...

GZ



To: penthouse mike who wrote (31424)4/30/2012 11:16:49 AM
From: GROUND ZERO™  Respond to of 222899
 
Mike, I was mistaken, the 1405 is a major VP, so we could possibly work lower from here, hopefully only for a brief while...

GZ