How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Rodney Lockhart who wrote (1363)	3/19/1997 7:56:00 PM
From: Herman J. Matos	of 14162

Sit tight and wait and see. I figured it would climb to $30 to $32 before that pull back came. But, we got a slight reverse. I really don't expect the Feds to raise interest rates next week. If that happens, then ROST should start climbing again before the profit taking. The P/E is still cheap compared to everything else out there. That should attract some more buyers. That big money has to go somewhere. It it drops, wait for the big down volume day and sell the PUTS and turn around and buy the at the calls again for the ride back up. You may want to cover your calls and rewrite covered callsl later.

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