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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: Steve J. who wrote (7758)	6/25/1998 8:15:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

Welcome Steve, Your MAST is attempting to test the recent 52-week high of $30 (corrected to recent 2-1 split). The recent 2-1 split and the recent 52- week high leads me to believe that MAST will not surpass that high on the first attempt. So, a pull-back should be expected. Reason? Double the liquidity as a result of the split, people looking to run away with their profits, and pull-backs are typical of new 52-week highs. Check out the chart and you will see the RSI and BB characteristics for MAST. A nice textbook history when it comes to pivot points. bigcharts.com