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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: Dr. No who wrote (8949)	11/6/1998 8:43:00 AM
From: Herm	Read Replies (3) \| Respond to of 14162

Well, that is a good question. If you paid $20 to $22 and picked up 1,000 shares and then from that point it when downward to $9.65 what would you do after waiting two months for that price to recover to the level you paid? You bet! You would dump the stock and count your blessings. That is overhead resistance. The people who paid $9.65+ are thinking that same thing. Let me get out with a clean fast profit! XYLN askresearch.com Keep an eye on XYLN. It looks like the RSI is petering out and the price may pull back from current levels! Either cash out or CC at the money as many months out as you can to protect your downside!