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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 (8900)	10/27/1998 9:23:00 PM
From: Herm	Read Replies (2) \| Respond to of 14162

Good observations Jim! High volume with unchanged price is a sure sign of shorting against the box. BTGC did the same today! It tagged the upper BB and the RSI is not really gaining. 18 blocks traded today for a total of 766,000 shares when 385,000 is the norm. Massive volume for BTGC and still closed unchanged with 10,000 shares on the last down tick for the day! TIMBER! The pull back should be mild to say $5.75. I still have 7 BTGC Jan. 7.5s CCs with an limit sell @ 1/4. The bottom BB tag this last time was never really carried out. It when sideways and then up. That was one of the weakest tags I can remember. The volatility has been mild and the time decay is starting to eat away more each day. Anybody wishing to lock in CCs deep in the month premies on BTGC should consider tomorrow on the open. Like NOVL it is due for some rock n roll drop. Normal profit taking! Those NOVL LEAPs looking good on the next bottom BB tag. askresearch.com