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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: Jon Tara who wrote (10943)	6/2/1999 12:07:00 AM
From: David Wright	Respond to of 14162

Jon, I agree on HWP. My TA read is that it will be dropping hard over the next week. It already had an upper BB band penetration, and MACD and stochastics point down. Should be a good ride with your puts. I laid some very small money on Jun70 calls on GTW this morning. I like the chart...virtually the reverse of HWP. Stinker dropped $1 today, but I think it got dragged down with the rest of them when IBM, SUNW, and HWP fell about $4 each today. This computer sub-industry has caught my trader attention. Looks like some relatively predictable trading ranges for some of them.