[Moving stop up again on Chiron (CHIR) LEAPS/Stop to sell the Jan '06 40 calls (YXIAH) now contingent on stock below $34.53]
Dear Member,
Chiron (CHIR) is up almost a buck this morning so I am moving my stop up behind the move. I am now setting my stop to sell the Jan '06 40 calls (YXIAH)contingent on the stock going below $34.53. This stop gives the play some breathing room and, at the same time, gives me a decent shot at keeping a good profit in the event the stock turns back down.
DISCLOSURE: At the time of publication, I own the Jan '06 40 calls on Chiron (CHIR).
Sincerely,
Bill Kraft for
CutLoss, Inc.
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