[Placing Contingent Stop on CHINA LEAPS/Contingent on stock below $3.43 Sell to Close Jan '07 $2.50 calls (VQHAZ)/GTC]
Dear Member,
CHINA gapped up this morning on great earnings news (that also included a warning). In order to preserve profit, I am placing a contingent order to sell my Jan '07 2.50 LEAPS calls. The order is to sell the Jan '07 2.50 calls (VQHAZ) in the event the stock goes below $3.43. If I am stopped out, I'll have a nice profit. If the stock continues to climb, I'll follow it up with a contingent stop. The order is good 'til cancelled.
DISCLOSURE: At the time of publication, I own the Jan '07 2.50 LEAPS calls on CHINA.
Sincerely,
Bill Kraft for
CutLoss, Inc.
|
