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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 (8194)	8/12/1998 3:16:00 PM
From: Deep IntheMoney	Read Replies (1) \| Respond to of 14162

Herm, TRV: do u think its ready to bounce back from the lower band? slope is catching up. Had a lot of uptick today and they announced a $billion additional stock buyback. Do you you think its a good Dec 60/55 call candidate? And then they have the merger too, right? thanks, Deep

To: Herm who wrote (8194)	8/13/1998 10:04:00 PM
From: J. P.	Read Replies (1) \| Respond to of 14162

Herm, We have already 'corrected' to a degree, and seem to be going lower. Today's close was downright ugly. What does your crystal ball say about the next month or so for the Nasdaq, and the markets in general? Thanks

To: Herm who wrote (8194)	8/13/1998 10:05:00 PM
From: virgil vancleave	Read Replies (2) \| Respond to of 14162

thread is kind of quiet today. just thought i would contribute some possible profitable strategies. market internals are weak and indicate that there is much left to the downside. just my opinion on the direction but the market stats are facts. taking this into consideration, has anyone thought of doing covered puts. that is shorting the stock and selling puts. a couple of candidates to look at: cmgi, lcos, lhsg, lhspf, file, tklc and a few others. i have only 2 lomgs left and have sold a covered call on the one which trades options. the other long i have a call position. but i am short sctr and unfortunately it doesn't trade options. i have some free equity as of this afternoon and will most likely be shorting and selling puts as described above. seems to me to be a quite profitable venture with very little downside risk. less risk than even covered calls in this market environment. anyway, good luck all.