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: FR1 who wrote (5508)	10/20/1997 6:50:00 PM
From: Herm	of 14162

Howdy Franz, Yes, I owned RXSD twice last year before and after the split. Made some nice money! I was amazed to read in their shareholders booklet that they had a 85% profit margin. They pump out those vitamins big time! They have plenty of cash on hand at this point since the merger deal fell through. Heck, they would have had a monopoly in that business had the feds said yes to the merger. The last time the RXSD did just about what is going on right now! The stock post split was around $42 down to $21 and moved up to $25 in two shakes of the magic wand. Then it pulled back to $22 and bounce back up to $28. Eventually, it moved up over $30 - $39 for most of the year. Depending on your net cost basis. I would keep an eye for the first peak and lock in CC at the money and ride the pull back for your first round of CCs. Interesting stats on the short interest. There is about 10 days worth! viwes.com Great news about how strong RXSD is: biz.yahoo.com According to Doug's killer TRO meter webbindustries.com RXSD tends to be a moderate mover price wise. With the increase in the float after the split and the short interest it will be very interesting to see what happens! RXSD is either going to tank if the shorts get their way or RXSD is going to skyrocket right after the split!

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