[Moving Contingent Stop on DuPont (DD) Puts/Stop to Sell Jan '06 47.50 Puts (DDMW) now Contingent on Stock Above $43.38]
Dear Member,
In order to protect profit in the position, I am moving my contingent stop on the Dupont (DD) Jan '06 47.50 Puts (DDMW) down. My new order is to sell the Jan '06 47.50 Puts (DDMW) in the event the stock goes above $43.38. If the stock continues to move down, I will follow it down with contingent stops.
DISCLOSURE: At the time of publication, I own the Jan '06 47.50 Puts on DD and I also own the $4.50 preferred stock on DD.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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