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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: Jonathan Thomas who wrote (10640)	5/6/1999 5:17:00 PM
From: Herm	Read Replies (2) \| Respond to of 14162

Hi Ryan, NOVL has done exceptionally well under all the selling pressure. This past week has been brutal on the internet stocks and still NOVL has remained in the normal trading range. askresearch.com You notice the OBV has been flat indicating no flight of money flows. Watch the stocks that survive and go up on strong down markets. Those are the ones that lead the pack when the dust settles. You entry price of $22 seems low. It may not travel that low. If you get in around $23 you can write a CC out a few months and cover at least the $25 strike on the upside and have enough premie to protect you down to $20 which is a major bottom support price level for NOVL. Check out the LEAPs and do spreads instead! NOVELL INC. (NASDAQ:NOVL Last Sale: 23 1/4 -3/16) NOVL Trading Summary 06-MAY-99 Ticks Money Flow($MM) Avg. Price Small Blocks +267 -268 +5.5 -4.7 $23.4959 Large Blocks +9 -7 +5.7 -3.4 $23.4602 Total: +276 -275 +11.2 -8.1 $23.4839 05-MAY-99 Ticks Money Flow($MM) Avg. Price Small Blocks +245 -229 +5.1 -4.3 $22.4862 Large Blocks +10 -4 +3.3 -1.1 $22.3436 Total: +255 -233 +8.4 -5.3 $22.4507