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: rkf who wrote (7438)	5/11/1998 10:27:00 PM
From: Herm	Read Replies (1) of 14162

ROST has been increasing same store sales for ever! Considering that they have added several new stores over the past year since the 2-1 split, the figures show a slowing down on sales which may an early signal to cash out now. ROST is just about to cross below it's 50-day moving average and the RSI has dropped below the mid-point towards 45. Every time the RSI drops below 50 ROST price drops fast. If ROST does not bounce tomorrow then expect to trend lower towards $39 bottom support level from the current $43.00. Sell deep in the money CCs for the $40.00 strike price. GO DEEP! bigcharts.com

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