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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 (10940)	6/1/1999 10:23:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 14162

David, I dunno about the funny-mentals of HWP and it's ilk, but I note that, with the exception of UIS, the stocks you mentioned as "holding their own" are all over-sold or near over-sold, while HWP is near over-bought. (having come down out of over-bought territory, then heading back up and today failing to cross the signal line on the Stochastic.) That's why I went back into HWP puts (short-term for me - Jun 95's) this morning. I bought them for less than I sold them for the other day, so ducking out of them for a few days was worth it. I note also that HWP cross the MACD signal line (a sell signal) today. Precisely because HWP held up so well, and was stubborn and held in over-bought territory, I think it could take a harder fall (for a few points, anyway - guess I'm concurring with herm's 80-85 now. :) ) now than others, which have already given up a lot.