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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 (8530)	9/11/1998 10:00:00 PM
From: Dnorman	Read Replies (1) \| Respond to of 14162

Thanks Herm, Ron & Doug. Where do you get the block and Tick information? Is it free or a subscription service? Dennis

To: Herm who wrote (8530)	9/12/1998 4:58:00 PM
From: RayV	Read Replies (1) \| Respond to of 14162

Herm Can we chat about this a little more? I've been looking at this in just the opposite way, and if I'm doing it backwards, I want to change at once! You say Example, bid 1/2 (1,000) ask 3/4 (8,000) Price is moving up! I was looking at this as there are 1000 people willing to buy at 1/2 and 8000 people willing to sell at 3/4. ("People" is probably not the right word but you know what I mean). So if there are more sellers than buyers the price ought to go down. And the reverse. If there are 8000 people wanting to buy at 1/2 but only 1000 people willing to sell at 3/4 the price ought to go up. That is, I reasoned 1000 of those 8000 would go ahead and buy at 3/4 pushing up the price. My head swims thinking about this now. Can you elaborate on your reasoning and maybe point me at places where I can read more about it? I'm sure your view must be the prevailing wisdom, so I'd like to really understand it. Thanks! And by the way, if you want to see an interesting chart, take a look at our old friend TECD. My cost basis following WINS (mostly, I may have other misunderstandings, too) is around 27. Ray