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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 (9068)	11/17/1998 12:58:00 AM
From: Paul Heye Jr.	Read Replies (1) \| Respond to of 14162

Herm, Been gone for a while as I waited for cash flow to improve with a new job. Boy did I have a lot of reading to catch up on. I am looking for some to enter on. It looks like GLM might be reaching that point. The RSI seems like it could retreat some more as the lower BB is met. If I am reading right, I would wait until the lower BB is reached as well as a RSI below 40 then buy (or cover if cc already) If it can't be said enough. Thanks Paul

To: Herm who wrote (9068)	11/17/1998 10:33:00 AM
From: Vegas	Read Replies (1) \| Respond to of 14162

Hi Herm & All, I am not much of a TA person! I have been trading CC for about 6 months. I always seem to miss my timing, selling a CC and have the stock go up 20% the next week. I have been reading lots of your past posts and think I have it some what figured out (enough to be dangerous anyway) I would like you opion on my reasoning. In reguards to TDFX: bigcharts.com I see it tagged the upper BB last week (Friday) at a recent high of $16.50ish and the RSI topped out at 70. Probably should have CC'ed then but I was waiting for news on monday cause I felt sufficent news could propel the stock to a new high. I'm not sure where the FA on a news driven stock fits in to the picture. Today we are just below last weeks peak a moving up slightly. Would the proper technique be to wait until it tags the upper BB again or write the CC now at a slightly lower point? Is there a method to determine if a new high could be made? Thanks in Advance, JF