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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (11638)	10/8/1999 11:08:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

ROST Well Dan, after the ROST run up yesterday, you and other lurkers on this forum must have smiles from ear to ear. Yesterday, I unloaded my 22 1.2s OCT sideshow calls @ 1 for a nice 100% ROI in two or so weeks. To think I was even going to average down last week. Oh Well! WINs Pointer! Note readers! I used my CC premies from IFMX and ITDS to buy sideshows in ROST calls. In short, the CC dollars in my account generated more profits for me while I'm waiting to soon cover my CCs. Furthermore, I was fairly confident knowing ROST trading patterns and my ability to read the charts applying the WINs approach that I would indeed make some kind of profit. The 100% was better than I anticipated. So, folks! When I you hear me state in my post that I can generate 40% to 150% ROI annually on a CC workhorse stock like ROST depending when you buy it, I'm just blowing smoke. There are readers on this forum that have done exactly that this past year! I know, they email me all of the time thanking me for opening their eyes and filling up their accounts with much blessings. It just thrills me to hear the good news. I also ask for them to share some of that good fortune in the storehouse with those who are less fortunate, a church or a charity of their choice. Greed blinds you, sharing with others softens your heart and changes your attitude in more ways than you realize. It is the attitude that will determines if you can handle money! Money is only a means to an end. But, people are always more important than money. iqc.com I will be getting back into ROST at some time. I'm waiting to cover my IFMX CCs and ITDS CCs to average down and buy more shares. Meanwhile, I did not have the $13,500 cash on hand right at this time to exercise the calls. Also, I did not want to tap my margin because it is exactly within my comfort zone right now. ROST would be a good long hold for any new money you folks have to invest. WHERE FROM HERE? The weekly ROST chart profile leads me to believe that it will attempt a new 52-week high and perhaps move a bit higher before profit taking sets it. This may be a temporary normal cycle. I would be CCing at the money a few months out to lock in CC premies. That's it for now!