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On Wed, 4 Jun 97 16:14:16 UT, you wrote:
> I have MSFT near the top of an Intermediate Term Up Trend Channel. I
>wouldn't get in it near the top of a channel since it may fall back to the
>bottom of the channel around the 102 level. On the other hand, I never short
>a stock in an up trend channel. If I owned MSFT, I'd sell covered calls here.
> Since I don't own MSFT, I'll just watch it at these levels.
That's exactly what I did with my MSFT. I sold covered calls, but at
the beginning of May, when it first touched the top of the channel. I
sold June 125's for a *great* premium. The end of May would have been
another good time to sell them.
I'm looking for a chance to get more MSFT for my brother-in-laws
account, so I'll be watching for MSFT to move over to the bottom of
the channel.
The interesting thing about MSFT is that it seldom *falls* to the
bottom. Mostly, it just goes sideways and up.
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