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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: David Wright who wrote (10643)	5/6/1999 11:35:00 PM
From: NateC	Respond to of 14162

mc.....I'd agree with David Wright on this one...(rarely agree with him :-) ) I've BTDT.....on stocks under $10. The brokers don't want you to buy them, they can tank in a second on you, IBD barely lists them in their listings, and analysts, brokers, and even owners of those companies will tell you to avoid them. I have a very good friend who is an INSIDER of a company....he's basically the COO of a company which has a stock price about $5 right now. He confided in me that they are URGENTLY, almost frenetically trying to find a company to merge with, or buy.....that will raise their stock price into the close to $10 range....so they can get some analyst coverage....and investor interest. There's a world of opportunity in stocks at $10 and above. Some of the best CC ROI's come on stocks at 9 - 9.8 or so....using the $10 strike price....or stocks between 14 and 15...using the 15 SP