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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: Sundar Rajan who wrote (8476)	9/5/1998 12:47:00 AM
From: Johndee	Respond to of 14162

Sundar and Herm, I also bought Bernie Schaeffer's Fax services and did his trades blindly. He stated that we will cut losses early though the service and let gains run. Well, they did just the opposite. We had many 100% losses and very few gains. His Wealthbuilder was a little better with credit spreads on the OEX. The risks are much higher than the rewards. I had mostly small gains with that one, then came a large 100% loss. I lost 2/3 of my portfolio that year, thru my own ignorance. Herm, you are much more advanced than that whole company. You tell it like it is, and the readers can do their own analysis using the W.I.N.S. By the way, I'm glad you added the S, as every time I saw the original, WADE would come to mind. As I mentioned in another post, I'm holding 3000 sh. and believe will make money eventually, I'm a little upset over the price action right now. He is building a diversified company. Ok back to sleep till Tuesday. <G> John