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Re: ASND



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Guy,
     I'll be watching with you <G>.
Jim

-----Original Message-----
From:	Guy Gordon 
Sent:	Wednesday, June 04, 1997 6:01 PM
To:	metastock-list@xxxxxxxxxxxxx
Subject:	Re: ASND

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=20
>wouldn't get in it near the top of a channel since it may fall back to =
the=20
>bottom of the channel around the 102 level.  On the other hand, I never =
short=20
>a stock in an up trend channel.  If I owned MSFT, I'd sell covered calls=
 here.=20
> Since I don't own MSFT, I'll just watch it at these levels.=20

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. =20

The interesting thing about MSFT is that it seldom *falls* to the
bottom.  Mostly, it just goes sideways and up.






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