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

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To: Dan Duchardt who wrote (12979)6/29/2000 11:19:00 AM
From: Jonathan Thomas  Read Replies (1) of 14162
 
Dan,

I'm stretched out a little thin, so I let ROST go. It never got to an entry point I would have felt comfortable with anyway, so it doesn't really matter. I was hoping it would skid under 15, and I could sell some 15 puts.

I checked out AMES very briefly, and it looks like it's down for the count. EVERY indicator I saw pointed toward a downward bias. I was even looking for something, anything positive, and all I saw was the P/E. I'd rather keep my KM, at least they are profitable, and taking steps. I see a lot of AMES stores closing up shop in the past 10 years, and the ones that don't seem to have gotten run down. Don't let your previous mistake with this company cause you to make another one. Up to you, but I somehow ended up with too much stock in the retail sector (probably all the low P/Es) and I won't dive into any more...

Ryan
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