[FON trade/was not disseminated]
Dear Member,
I have received emails from some of you that you did not receive my LEAPS trade on Sprint (FON). On August 10th, I had entered a position buying the Jan '06 $15 LEAPS calls (WOAC) on FON for $4.20. When I commented on the trade in the Weekend Summary, I learned that something must have happened and this trade did not get to you. I sincerely apologize.
I think it is too late to enter the trade since the stock has now moved up to $18.59 and my first target is now only $0.41 away.
Again, I apologize for failing to get the trade to you before I entered it.
Today's markets were up but the volume was below average as is often the case in August. I am looking at some possible bullish plays for tomorrow if the market is up after the first half to three quarters of an hour.
DISCLOSURE: I am long the referenced Jan '06 LEAPS calls (WOAC) on Sprint (FON).
Sincerely,
Bill Kraft
CutLoss, Inc.
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