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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: Roger Louis who wrote (7361)4/27/1998 5:02:00 PM
From: Herm  Read Replies (1) | Respond to of 14162
 
Hi Roger,

ROST has done exceptionally well. Also, RXSD was smoking for the past year. Up 185% with the split. You may recall my recommendation after the last split from $22 to the current $42 as a no brainer. Although, it trading down in the low $32 level at this point.

I picked up 200 shares of XRAY today at $32 1/2. Nice strong volume on such a killer down day in the DOW and Nasdaq markets. XRAY held up fairly well today with 5,000 block trade buyers coming in on the dips. XRAY will most likely test the recent high of $35 by next week! I will watch the volume and the option interest on the $35 strike price. XRAY will either pull back again and regroup or gap up since all overhead resistance will be gone. XRAY is undervalued (approx. $40 fair value) in a market that is overvalued.

I may write some at the money CCs at $35 - $36. TECD has really moved up quite a bit. Backed off a little for some profit taking. Still a growing company.