[Cancelling Order to Buy Northfield (NFLD) LEAPS/Cancel order to buy Jan '07 15 calls (VGXAC)]
Dear Member,
Without any increase in the stock price and with no volume today, the bid for the '07 15 calls has moved up and is now past my $4.30 limit. I suspect this is a move by the market maker to attempt to get me to chase the price and I don't want to play that game right now.
I am cancelling my day order to buy the Jan '07 15 calls (VGXAC).
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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