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

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To: Herm who wrote (8720)10/1/1998 12:14:00 PM
From: Mike Maxton  Read Replies (1) of 14162
 
Herm,

I've been following ROST since your first case study. I watched it rise from 28 up to 42 or so, thinking that this was a good company and I should have some money invested in their stock.

The action over the last 2 weeks is steadily down, been waiting and watching. It broke down today way past it's 52 week low. I know all the retailers are getting hurt (Walmart off 6 points in the last 2 days), but I couldn't resist any longer. In ROST with 500 shares at 25. Hope to ride it back up to 35, with CCing along the way.

Thanks for a very helpful and entertaining thread!

mike maxton
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