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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 (8100)	8/5/1998 6:56:00 PM
From: H.W.Melle	Read Replies (1) \| Respond to of 14162

Herm / Anyone CS has hit and is below the BB the RSI is at it's recent historical low and stochastics indicate over sold. The Sep 10 Call is bid 1 1/8th at this level wouldn't CS be a pretty good buy and wait for a rebound to the even mid range BB would be approx 11 1/2 -- Any thoughts thinking about buying tomorrow if market cooperates. Thanks In Advance Horst

To: Herm who wrote (8100)	8/5/1998 9:43:00 PM
From: Dnorman	Read Replies (1) \| Respond to of 14162

Herm: I am looking at the charts of SMOD and TLAB. To me SMOD looks great for puts near the top of BB and high RSI but TLAB looks like a call candidate it is at the lower BB and RSI under 20. What am I missing that tells me to look at TLAB chart differently? I picked up SMOD Oct 15 puts cheap several days ago and the stock is really moving lower fast! Thanks Dennis

To: Herm who wrote (8100)	8/6/1998 12:55:00 PM
From: Douglas Webb	Respond to of 14162

I'm going on vacation (again) next week, so I've decided to take a gamble that btgc has bottomed out here at 6 1/2. I've tossed another grand into my brokerage account ('cause I only had $55 in buying power) and used it to buy 3 Jan $5 BTGC Calls @ $2. My plan is for BTGC to bounce back up towards the upper BB around $8, at which point my calls should be worth $3 - $4. I'll sell them near the peak. If I had sent the check a day or two earlier, I would have been able to pick up 4 calls @ 1.75 instead. Because of commissions, that extra contract and lower price would have really boosted my return. Oh well. At least I'm playing again. (I missed out on writing calls at the last peak, and picking up some puts.) Doug.