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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 (9368)	1/6/1999 10:02:00 PM
From: Satish C. Shah	Respond to of 14162

Thanks for the good tutorial. Only comment I have is the list of shorts is the list of nasdaq stock shorts. CPQ, on NYSE, has around 2x million short. Regards, Satish

To: Herm who wrote (9368)	1/6/1999 10:26:00 PM
From: virgil vancleave	Read Replies (1) \| Respond to of 14162

Just thought I would let you know that I am once again playing lhsg. Looking at the chart it is touching the upper bollinger band and also at the tope of a declining trading range with the trend being down. Not that I am bearish, but some stocks will decline even in a bullish market. This said, it appears that lhsg presents an excellent bear trap once again. just my opinion. good luck

To: Herm who wrote (9368)	1/6/1999 11:25:00 PM
From: virgil vancleave	Read Replies (1) \| Respond to of 14162

I can't help but notice the high premiums for puts on some of the high flyers. And, since I am a contrarian, I am looking to the short side more again as I think we a re nearing a short term to intermediate term top. The market internals are starting to fail, although they are still positive. For the strong move today, you would think that advancers outnumbered decliners by a large margin. NOT so, as it was only by a 1.5 to 1 ratio. So here we go again, while I am still net long, it is once again time to beware of the bear. As we have seen before, it comes fast. One to watch is dell. It might be worth playing a straddle on it since it is very likely that it will have a substantial move soon. just my opinion. good luck

To: Herm who wrote (9368)	1/7/1999 10:14:00 AM
From: the options strategist	Respond to of 14162

Herm, thanks for the well explained response. eom