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

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To: Herm who wrote (1896)4/26/1997 4:35:00 PM
From: CENTrader   of 14162
 
Re: TECD

Herm,

I've noticed that Tech Data is down $5.00 since you first recco'd it on 3/12/97.(From 27 1/8 to 22 1/8) You had stated,at that time, that the bollinger bands were showing a WAY oversold position. What do you see now technically & do you expect it to turn around soon? My chart is showing a fairly steady downtrend since 12/96, when it was at a high of 36 3/8. I generally don't like buying into a downtrending stock, but I am interested in TECD.

Bill
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