Czuch Czuckers: That is correct.

If your opponenets code is all red,

And your guess is red, white, black, blue, red - you will get 2 black pegs for having 2 pieces the correct color & in the correct position.

Sometimes a very tricky code can be one that has 3-4 of the same color in it! (or course on the flip side it may make it very easy on your opponent.)