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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: Tony D. who wrote (6642)2/3/1998 11:51:00 AM
From: Herm  Read Replies (2) | Respond to of 14162
 
Hummm? MDCO seems to have reached a turning point according to Doug's chart
webbindustries.com
It may have bottomed out! Time will tell if Doug's chart is better than the RSI and BB indicators.

CREAF looks like it bottomed. BB lower band has been touched, RSI is very low and MACD is starting to make a turn to the upside long signal. Overhead resistance will be at about the $20.00. So, you may be able to dippity do.

webbindustries.com



To: Tony D. who wrote (6642)2/3/1998 12:17:00 PM
From: David Beckett  Read Replies (1) | Respond to of 14162
 
Was long 1200. Sold 600 yesterday and wrote 6 Feb 20 calls at $1. My remaining position has a nut of $24.62. Fortunately I made a quick 8% on the portion that I sold. Underlying FA is great. Long term TA is bullish, but short term expect it to meander between 17.5 - 19.75. Although many on CREAF thread anticipate a break upside. It seems more likely to first test 20.5 and then fall back.

The Eagle