[Stopped out of Home Depot (HD) Calls/Sold Jan '07 40 Calls (VHDAH) for $4.70]
Dear Member,
I just received notification that my contingent stop was hit and my Jan '07 40 calls (VHDAH) were sold for $4.70. That trade didn't turn out very well. It's my first loss in a while and I lost 90 cents a share or 16% of my investment. The only thing I can say about losing trades is that it is important to cut losses and that was certainly what I did here.
DISCLOSURE: At the time of publication, I have no position in the referenced option or the underlying stock.
Sincerly,
Bill Kraft for
CutLoss, Inc.
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