SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Parlux (PARL) Fragrances
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kevin F. Spalding who wrote (177)12/16/1996 9:56:00 PM
From: Wayners   of 527
 
Kevin,

I'm talking about writing covered calls out to April or July, not buying them. I'm not that I made this clear enough. They're a great way to mitigate losses in a stock that moves sideways or down.

The RSI is down to 32.50. I've found this indicator to very reliable in identifying a top or bottom. When the indicator gets below the 30 level, you have an oversold condition which is often picked up by others using all kinds of technical analysis tools. You get a buy signal when the RSI changes direction to the upside and crosses the 30 line to the upside. PARL will bottom this week, but there are no guarantees as to how high it will bounce. There will be a lot of volume at the bottom, and people will likely be eager for profit taking. Montgomery Securities will need to come out with some positive news during this period to get some longer term, positive momentum going. Its possible that they are holding onto positive news for the right opportunity for release.

Wayne
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News