Former Short Position - CORSInitial Cover-Stop was established off the hilltop resistance points which were above the 30wk moving average (Risk Corridor = 16.6%). The next valley-bottom occurred at 9/20/02 as confirmed upon the third subsequent increase in closing price on 10/25/02. The next hilltop occurred on 11/15/02 as confirmed upon third subsequent decrease in closing price on 12/6/02. Since the 11/15 hilltop was below the 30wk moving average, we adjusted the Cover-Stop to the 30wk level at $46. From that point forward, Cover-Stops are adjusted downward in $1 increments in tandem with the 30wk. 5/11/03: First Cover-Stop violation. 3.5% ROI. Half of our original position is still alive. 5/18/03: We got the double exit call -- Second Cover-Stop violation AND a Cover Configuration Signal.. 3.8% ROI on this transaction. 3.6% overall ROI.
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