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Strategies & Market Trends : Anyone following Capstead (CMO)??

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To: MCsweet who wrote (198)1/8/1999 6:13:00 PM
From: James F. Hopkins  Read Replies (2) of 216
 
MC; I'll look at GAI, the action on CMO late today took me by
surprise, but at least it was a good one. She jumped the 5 mark
faster than I thought she would.

I sold my calls a bit
early but then this seems to lock in my profit, and whoever bought
them gets some gravy as well.
Heck I'm half way tempted to buy them back, and roll them up
some. For sure if she dips now I take on more.
I don't know about JMT, but I doubt he bought any. Heck this was
a lonely hard road for a while, and the Yahoo thread had more
bears than bulls when I first went there, of course I expect
it's all bulls today <G>
My saving grace was having the dry powder and the
guts to double up when she went below 3 had I had more dry
powder at the time I would have got even more.
Jim
My other pick last week that I didn't talk about on SI,
( but I was on Yahoo ) was SME, they were bashing the heck out
of her last week and as cheap as she was I was buying 5K blocks,
at 11/32. I had a very good week in the stock market, but
my old age has not been as kind, my gut is giving me a fit.
Looks like I may just have to back off some, I hate to be in
the market if I get were I can't watch it.
Jim
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