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: Sal Milani who wrote (4063)	8/21/1997 3:16:00 PM
From: Herm	of 14162

Kinda heavy on the downside? Hold off on the Sept. 25 PUTS and make more. ROST has touched $27+- three times in the last six months. Plenty of support at that level. Also, ROST is sitting on the 20-day moving average according to the Bollinger Bands. There is a very high probability of ROST bouncing off by Monday. There have been five straight down days. If you're into cycles (1,3,5) you will realize an up day is a sure thing at this point. Nothing wrong with the fundamentals and ROST is still rolling within the 20-day moving average. Just another buying opportunity!

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