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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 (7945)	7/25/1998 5:35:00 PM
From: Andrew Williams	Respond to of 14162

Thanks for your input. I have learned my lesson twice this year about using protection. And I am only talking about the stock market (XRAY). I am however, very positive about I2 being the next gorilla in the supply chain market. Given my positive outlook on the company(I want to continue to hold) and the risk the MM start to abuse I2, I think I should consider playing both sides of the market short term. I could write some Covered Calls and buy some puts. Near term, if I get called out I break even, but if you are right about the TA then I can still make money on the downside. Or I could take your advice - don't get married to a stock and look for greener pastures.

To: Herm who wrote (7945)	7/27/1998 10:37:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

Another day of pounding for ITWO! Looks like the chart is very accurate in predicting the lower support level at $25.00. After that, it TIMBER,rrrrrr down to $14.00 if they don't pull an ace out of the hole! Date Close Change High Low Volume Jul 27 26 1/2 -1 3/16 -4.29% 28 26 1,316,800 Jul 24 27 11/16 -8 11/16 -23.88% 31 5/8 24 5/8 5,770,200 Jul 23 36 3/8 -1 7/8 -4.90% 38 3/4 36 5/16 463,700 Jul 22 38 1/4 +1 1/8 +3.03% 39 13/16 34 3/4 673,400 Jul 21 37 1/8 -3 3/8 -8.33% 40 3/4 36 3/4 412,000