Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Yogizuna who wrote (1770)	10/31/2000 5:49:16 PM
From: Dan Duchardt	Read Replies (2) of 1911

Yogi, Even "dead money" can make a little if you are willing to settle for it. My entry point on AMES is low enough so that if it could just get near 5 I could sell calls that might take me out with a small profit. If I do that and it does pop I would miss the nice gains, but if the hope is gone that's not a bad move. If it can't hold above 5, a few rounds of calls will get my cost down to a nicer point. I actually think if we ever do get close to 5, and as long as this short interest stays high, we will probably run a ways above. If the shorts get covered quietly at $4 and below over the next month or so, then I will lose hope. Dan

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