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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 (9311)	12/29/1998 8:47:00 PM
From: backman	Respond to of 14162

for anyone who hasn't seen it yet, this site as a source of candidates for writing cc's looks promising coveredcalls.com david s

To: Herm who wrote (9311)	12/29/1998 10:52:00 PM
From: virgil vancleave	Read Replies (1) \| Respond to of 14162

Just thought I would give a couple more ideas. I still like lhsg on the short side, but have no position. I am currently completely long with no covered positions and about 10% cash. We have been having a nice xmas rally here, but the market internals are now starting to weaken again. They are still positive, which is bullish. My first new pick is chir. Chart is bullish and it is just breaking out and the calls have ok premiums. Also check agph, which just keeps making new highs. I am still long anik and may buy more since it looks weak here. With all that cash and no debt, I believe we are seeing some serious tax selling and stock should trend back up soon to around 7 or 8 where it has a previous base. The fundamentals support an $8 share price. Ijust found another one I like on the long side. Premiums for the calls are not there, so I am thinking on buying some in the money calls, hoping for the trend in the stock to continue. it is really hard to watch stocks like amzn, yhoo, aol, xcit, lcos, and the other internut stocks and not short them. But, patience is the key here and I will wait until a signal is given by my system. For those interested, I will post some recommendations as well as some covered put options when the time comes. As for now though, we are in a bullish trend and have to go with it. Now that I am settled in again, I will post in more detail. Good luck all.