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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: JimsJeeps who wrote (10113)	3/28/1999 8:49:00 AM
From: Herm	Read Replies (2) \| Respond to of 14162

Thanks Jim for your heads up on CPQ. In looking at the chart below, I notice CPQ has reached a solid price support level at $30. Both the BB and RSI have a sideways to slight right upward slant which leads me to believe that there is more upside potential than downside. iqc.com With that said, an increase in PUTs activities in the $30 to $32 1/2 only confirms a pending upward rebound. Many people sell PUTs as a slick way to either earn extra income (opposite tactic compared to CCing) collecting premies or (if they "PUT IT TO THEM") if they have to buy the price will be at a discount. Example, they sell a PUT 32 1/2 strike when CPQ is at $31 and collect a heavy 3 1/2. If they PUT it to them their net cost is $31 - 3 1/2 = $29. Of course, they are expecting CPQ to increase or move sideways in price which believe it will. Those LEAPs CALLs are looking real good Jim! ----------------------------------------------------------------- FROM THE EMAIL CORNER I got a nice email today from one of the thousands lurkers on this forum. It read as follows: I have been reading your thread for several months and I find it fascinating. I found the only way to try to figure out what you are teaching is to back and read all 10,000 messages. I am amazed how active and patient you are to us novices. I have been trying to use some of your methods and for the three months I have averaged 11.3% per month return. While we are not talking about alot of money, since I am following your advice to start slowly, I am very please by the results. I would like to get a copy of your WINS program. Thanks again and keep up the good work. My charity does appreciate your advice as I do. That is super! He did it on his own! Thanks for taking the time to share your good news! It's feedback and input from you folks that make things happen. I only facilitate the process. Brokerages say you "can't trust forums like this." Well, I say I have NEVER met a stock broker who did not have a conflict of interest and could care less how much money you lost! They are heart less and will jump when their firm say sell this S..t! In Florida, we have more dangerous sharks that bite, walk and drive on land! I'm helping a woman at my church for the past week trying to get back her losses from Dean Witter! What some people will do to others for money!