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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 (8620)	9/19/1998 7:41:00 AM
From: JimsJeeps	Read Replies (1) \| Respond to of 14162

Hi Herm and fellow investors, Looks like I may have jumped the gun and sold my BTGC covered calls to soon. I thought about that, so I did not immediately purchase any puts. Did not have a chance to do it on Friday, however, I do intend to on Monday. Should be due for a downturn soon according to the chart. An accurate assessment? Also if someone can please comment on CPQ. The way I am reading the chart is that it is on a downward trend, rsi sloping to the right downward. If it breaks 30, the 200 day average, then it would then find its next support around 27? Does this make any sense or am I missing the boat on something. I have 3 October 22.5 puts @ 7/8 that I am sucking wind on. Trying to figure out if I am going to make a comeback with those or I should get ready to dump them and take what I can get. Again, thanks to you all. Jim