[Moving stop again on Lam Research (LRCX) Jan '06 $25 LEAPS (WMJAE)/ Contingent on stock at or below $21.30 sell to close Jan '06 $25 LEAPS calls (WMJAE)]
Dear Member,
Lam Research (LRCX) has continued to move up on fairly decent volume. I am moving my stop on the Jan '06 $25 LEAPS calls with the stock. The stop is now to sell contingent on the stock at or below $21.30.
We are endeavoring to continue cutting potential loss and hopefully beginning to protect profit.
DISCLOSURE: At the time of publication, I am long the referenced Jan '06 $25 LEAPS calls (WMJAE) on Lam Research (LRCX).
Sincerely,
Bill Kraft
CutLoss, Inc
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