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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: Herm who wrote (7939)	7/26/1998 2:15:00 PM
From: Slava Chechik	Read Replies (1) \| Respond to of 14162

Herm, I have a question in regards to GLM. Would it better just to cut your losses on stock and do not write any CC? I do not believe that TA works for now in oil stocks. I do not believe that premiums you receive are sufficient enough to offset losses on stock. Plus remember commissions involved. If you buy protective puts it also will add to your expenses. Regards, Slava Chechik

To: Herm who wrote (7939)	8/1/1998 8:13:00 PM
From: dazzled	Read Replies (1) \| Respond to of 14162

Herm - haven't seen any replies to the homework on ROST from 7/23pm now with a week of added info, here's a partial response and some question. based on the may-jun pattern, it ought to bottom within a week or so after piercing the lower BB(given the past wk's data, this could mean 42 is near the low for now). one could cover any short calls and sell any long puts; and for us not owning ROST(much to our chagrin), could short some Aug 40puts or just buy the stock. the part about the slanted angles on the BB's and RSI line i don't understand how to utilize-could you explain again? thanks!!!