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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: Herm who wrote (10974)	6/6/1999 6:27:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 14162

Hello Herm... WOW!!! what a response<ggg>...and you don't have a paid site??? for all this wonderful knowledge and insite???? super post Herm... funny i swear i thought PCLN had options????...no biggie i will wait for a nice profit here..the street loves this stock... as for CMGI...i know and love this stock...been trading it for 1 year now...On P&f it just tested recent low of 84/85ish...and has now reversed up...it has the look of a bullish triangle forming, and i look for it to run back up this week toward 106, a recent high... at 97 it would give a new buy signal, and 110 is hard resistance... Herm i'll wait for the expected earnings surge and then hit it either the day before or the day of, earnings...might not have to go out that far in Dec..to accomplish the same result you showed me, i hope so<g>... the premis are so rich, i would optimally like to be able to do this month after month...course it doesn;t always happen that way<gggg>... as for CS...Herm this P&F chart is a beauty....it's formed a bullish triangle as well..explosive type charts for P&F...15 bucks would reverse the stock UP, 16 would give it a new buy signal, with not much resistance from there...CS is giving a presentation at some sort of Convention this week, and has earnings coming out on the 15th of June...it's been a story stock too... i might get lucky<g>, here, if it runs up hard this week into Fri...if it breaks 15 like you said, i'll write those but hopefully for a bigger number... Herm thank you so much for your wonderful post...so many people need to be here to get this information... actually an astute trader friend of mine..does nothing but buy Leaps Calls, and then writes CC when the stock runs up...each quarter or so...he's making nothing but large cash each and every time...smart guy, just like you...i need to begin to do this...i've always played KISS.... works for me...but have been selling naked puts each month for income on stocks i would not mind owning..very profitable income producer...course sometimes you eat the stock..and then have to write CC's<ggg>... anyway Herm..thank you so much for the informative insightful post... my warmest regards...Jerry