We hold a round lot with a cost basis that has been reduced to 33.85 by partial profit-taking and an August 16 covered write closed out last week. This gives subscribers a theoretical profit of $845 for each 400-share position initiated at the outset. Bulls and bears are now in a duel on the hourly chart, with the latter still holding an edge. If the bull trend is to continue, we should see the corrective abc shown bounce from the p midpoint pivot of the pattern. Accordingly, I’ll suggest bidding 41.72 for 400 more shares, stop 41.65, day order.
