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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: Shell R. Poust who wrote (9261)	12/16/1998 4:08:00 PM
From: Herm	Respond to of 14162

RPM Making A Second Bottom? RPM looks like it will make a second bottom real soon. I set the chart for 24 months and noticed that the RSI is at an all time low for this stock. Meaning? RPM is so over sold that a technical bounce is most likely to occur. Part of the reason for this is that short sellers will cover at that point and holders of RPM PUTs will dump their holding for profit taking. In short, a technical bounce takes place. RPM has a float turnover that is the slowest I have EVER seen! Based on Doug's TRO calculator at webbindustries.com, RPM takes a whopping 592 days to turnover it's entire float! That is one slow moving stock! The growth rate is 12.89%. Some insider selling has been taking place recently. biz.yahoo.com My guess is that people are getting tired of waiting for this stock to move upward. Volatility -- 20 Day: 31.1 Half Year: 38.8 is low and open interest in the options is very weak. I would avoid RPM for any CCing possibilities. Shorting RPM may generate better results! NYSE: RPM Dec 15, 1998 Float: 107,300,000 shares; Daily Volume: 181,100 shares/day; Turnover Rate: 592.49 Days Industry: Chemical Manufacturing ; Capitalization: $1,540,000,000; Shares Outstanding: 110,600,000 askresearch.com