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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: H.W.Melle who wrote (7929)	7/22/1998 9:59:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

Welcome Horst, Thanks for that site. Very nice and clean charting. I bookmarked that site. I will have to take a look during trading hours. Gives you the data the same day? WOW! That's very valuable for decision making! I have SuperCharts myself but don't use the data feed services. Thanks again!

To: H.W.Melle who wrote (7929)	7/22/1998 10:02:00 PM
From: Mike Fredericks	Read Replies (3) \| Respond to of 14162

Earlier today the W.I.N. guide was posted. So what do you do when stock hits bottom BB but RSI is still sloped downward? Wait for stock to start to slope upwards again before thinking about buying back? In my particular case, the Stock is PWAV. Wrote the Aug 17.5's when stock was at 16 1/2-ish, and got roughly $1.25 for each one. Now, stock dropped suddently (frivolous shareholder lawsuit) and is sitting at 14, after declining from 16 1/2 -> 15 1/2 over past few days. I could buy calls back now at 1/4. I could buy back and if stock goes up, re-write the calls. Or I could just let them expire. This is my first real trade with CC's, so any advice appreciated. -Mike