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Understanding LEAPS: Using the Most Effective Options Strategies for Maximum Advantage by Allaire

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CHAPTER 8The Repair Strategy

If, whenever you purchase a stock, it goes up, there is no need for you to read this chapter. On the other hand if, like some of us mere mortals, you have been known to buy equities that have the audacity to fall in price after you have purchased them, stay with us.

THE SCENARIO

Here is a situation that unfortunately will sound all too familiar: An investor purchases a stock, based on thorough research, an awesome-looking chart, and a personal conviction that this one is poised for greatness. Sometime thereafter, the company announces that it will not be meeting earnings expectations, or the stock breaks a key technical support level, or the investor’s archenemy puts a curse on the stock, or, most probably, all three ...

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