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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: JimsJeeps who wrote (8707)	9/28/1998 9:27:00 PM
From: Herm	Respond to of 14162

Thanks Jim for your opinion. There are several ways to survive in the stock market battlefield. It can be $$$ deadly out there! And, I've had my share of red ink in the past. I sure don't sweat as much as I use to. And, I don't lose sleep anymore over my positions. What others have taught me and what I continue to learn is a better way to extract profits from this fantastic stock market. No matter if it goes up, down or sideways there is ALWAYs a way to make good $$ kahunas. I use to say, "sure, what are these folks talking about?" A few weeks ago a gentleman emailed me in private and asked me about the theory about the DOW Dogs and how he plays the dogs when they are at their bottom and has always made money in the stock market. Now, I had read something like that in the Motley Fools site but I was not informed enough to comment on that. Message 5737336 Message 5737575 I looked at the Dow Dogs and picked(GT)because he wanted to apply W.I.N.S. to his long traditional trading strategy. He reasoned he could squeeze more profits by CCing and sideshow PUTs using the BB and RSI as a timing tool. My comments to him was to check out the GT LEAPs instead of the stock. I looked at the chart and I indicated to him that GT at $49 was going a bit lower and would bounce off the lower BB and move up! Well, what do you know! I looked at GT today and sure enough it did pretty much what I had in mind and no doubt that gentleman is cranking in some bucks on GT. Date Close Change Day High Day Low Volume Sep 28 55 3/4 +1 1/8 +2.06% 56 3/8 55 1/8 505,600 Sep 25 54 5/8 + 5/8 +1.16% 54 5/8 53 3/4 582,300 Sep 24 54 - 5/8 -1.14% 55 1/2 53 13/16 837,200 Sep 23 54 5/8 + 15/16 +1.75% 55 1/4 53 13/16 454,700 Sep 22 53 11/16 +1 3/16 +2.26% 54 1/8 52 7/8 565,700 My whole point to this story is that he gave me an idea to apply W.I.N.S! specifically to the DOW DOGs in the future. If he was wise enough to make money following that strategy for years and years then who am I to argue with him! If he recognizes something we are doing here is of value that he is willing to adapt our to his! Wow! That is even better for all of us. Just another tool for the tool shed. There are was to make $$$ bucks all over this forum. The most powerful resource is those lurkers out there! askresearch.com So, J.B. get ready to sell those CCs because GT is ready to tag that upper BB and the RSI is high. In the money, a few month out! Grab those premies.