Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: David L. Hoevener who wrote (9957)	3/17/1999 8:57:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

ROST the old CC workhorse is still ticking with growth, dividends, and at a discount. Hummmm? Chart price has done nicely. I would be tempted to lock in some CCs for say Aug 45 @ 5 1/16. If ROST continues the climb, then take that CC dollars and buy sideshow long calls to capture that move. Otherwise, you have 5 point downside protection. I'm VERY conservative at this point because I'm seeing red flags in the advance/decline line and the mutual funds index which is tagging the 50-day moving average. We may be in for a market pull back which will take everybody down a few points. The market is way overvalued and April dollar influx is coming to an end! Buckle your seat belts! NASDAQ: (ROST : $44 9/16) $2,123 million Market Cap at March 16, 1999 Ranks 635th in the Fortune 1,000 on Revenue & 619th on Profit.Employs 14,855. Trades at a 54% Discount PE Multiple of 14.1 X, vs. the 30.6 X average multiple at which the Discount & Variety Stores SubIndustry is priced. iqc.com

To: David L. Hoevener who wrote (9957)	3/17/1999 5:43:00 PM
From: Herm	Respond to of 14162

Confirmation today Dave! Hey, you're reading those charts pretty accurately! Sharp eyes! Here are the ticks for the past two days. ROST Trading Summary 17-MAR-99 Ticks Money Flow($MM) Avg. Price Small Blocks +78 -92 +2.8 -2.4 43.5259 Large Blocks +2 -9 +0.9 -5.7 43.4284 Total: +80 -101 +3.6 -8.1 43.4745 16-MAR-99 Ticks Money Flow($MM) Avg. Price Small Blocks +91 -111 +5.4 -6.0 45.6139 Large Blocks +3 -7 +1.5 -4.6 45.9702 Total: +94 -118 +6.9 -10.7 45.7118