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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 (8170)	8/10/1998 8:29:00 AM
From: Riskmgmt	Read Replies (1) \| Respond to of 14162

You picked two broncos to try this on. Herm: Actually, they are two long term stock holdings that I write on because I have such a big position in. I will do as you suggest and look for historical similarities. Your comments have left me less than comfortable with cc's I have but have motivated me to do more research myself. Perhaps what you intended.<GG> Thanks for your help. Ray

To: Herm who wrote (8170)	8/10/1998 8:50:00 AM
From: Riskmgmt	Read Replies (1) \| Respond to of 14162

Herm: What I see on studying the charts is that both stocks have hung to that upper BB in the past and taken it higher. Although more commonly they both bounce between the upper and lower. Looking for what makes the difference it seems to be RS. When they have headed back down the RS is also falling. When they "hug" the upper BB and go higher RS is high and goes higher or remains above the 50 mark. So in a sense, as you noted in another post I read, RS is an early warning system. I think cc's on them at the moment is a fair bet but needs close watching if RS increases. Thanks again. Ray