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Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?

To: HoodBuilder who wrote (511)	2/11/1999 10:41:00 AM
From: trouthead	Respond to of 1169

This is JMHO, not TA. It is unlikely that HD will head south without substantial negative news. It has run ahead of itself based on historical valuations. People buy and hold this stock, it does not have the volatility to attract a large number of day traders. I also do not expect a big upside surprise in earnings. It is not there usual method. They seem to like to beat the estimates by a few pennies. jb

To: HoodBuilder who wrote (511)	2/12/1999 6:01:00 PM
From: Marty	Read Replies (1) \| Respond to of 1169

I'm curious about your theory. Wouldn't day trading the calls in HD yield you even more profit for your money? If the calls are out far enough you don't have to worry about expirations and the call should follow the stock point by point. So, if you get a predictable couple of points in the stock, you would get the same amount in the call. I doubt, though, that you would get as good a market in the calls as in the stock and the call spreads would eventually eat up a really frequent trader. I've traded the HD calls off and on profitably, but not by trading them every day. Of course, every strategy works when you are swimming with the current in a great stock like HD. Right now I'm out and looking for an entry point.