Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Kenya AA who wrote (38021)	12/1/1998 1:11:00 PM
From: Night Writer	Respond to of 97611

*******OT********** Amatuer TA time. Using the BB and RSI sometime in early November LU Bumped the BB and RSI popped over 70. This is a signal to sell Covered Calls under normal market conditions. The Covered call to sell would be 90 or 95 while LU was trading in the low 90s. You sell the covered call when stock reaches the lower BB with an RSI of less then 30. Given the tightening of the BB, I don't think one would expect a big profit on this one. It could break either way. Up or down. I would close the call out for a good profit the minute LU hit 85. However, I am not familiar with how the LU options trade, so this is all theory. Sorry link to the chart is too long to post. NW