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.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (9292)	12/25/1998 12:12:00 AM
From: Johndee	Read Replies (1) \| Respond to of 14162

I'm with you Herm. I bought BTGC at 5 13/16 a couple of weeks ago and hung on as it did seem to be building a base. You said 5 for support. It got real close to 5 but hung onto a slight up bias.I usually lose money on long calls, but what do you think of the Feb 7 1/2@1/2. I usually like closer to the money. The Feb 5@ 1 1/2 have the same premium. With the 1/4 spread, maybe one can pick them up for 1 3/8. Wadaya think. By the way "Merry Christmas" and let's all have a Happy and prosperous New Year. Johndee

To: Herm who wrote (9292)	12/25/1998 11:21:00 AM
From: virgil vancleave	Read Replies (2) \| Respond to of 14162

Hi again everyone. I just got back from my 3 months at sea. I haven't had time yet to check any stocks out much, but the day before I left old greenspan lowered interest rates and I could not help myself except to load my account up with longs and cover all my short positions and sell my puts. Looks like I made a quite correct move. I am planning to do some homework this weekend and will post here again if you all like. As you probably knew from sept and october, I was bearish and made some good calls. Not that I like amzon or a few of the others, but if it was overvalued before, it is grossly hyped up now. But, I would not be short as of yet. I think the advance/decline line is positive but, I have not checked yet. I just got home yesterday and am glad to be back. anyway, MERRY CHRISTMAS TO EVERYONE. my long while I was gone moved to the NYSE and has ticker symbol of mre. I bought at 17. My other small long position was/is anik; except that it is down some. I paid 11. But, I am hoding and thinking of buying more for some covered call methods. Let me know what you think of it. anik has over $2 per share in cash and is profitable and is also buying their own stock back. It is good to be home. GOOD LUCK