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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 (6093)	12/11/1997 12:34:00 PM
From: R. Gordon	Respond to of 14162

Gary, Steve would occasionally make out like a bandit when he bought cheap puts after a run up, and he'd pay no more than 3/8 of a point for them . Me thinks that the market may have topped out and could be looking for a more significant pull back. I would not jump back into a vvus until we felt that the market had bottomed and that there was no wrong doing in the company management or a more significant reason they can't meet demand. Look what happened to AMD because they haven't been able to meet demand - from the 40s to the teens. Richard