Contingent Stop on CDC Corp (CHINA) LEAPS/Contingent on CHINA stock below $4.11 Sell Jan '07 2.50 Calls (VQHAZ)
Dear Member:
CHINA has made a very fast move up for a large percentage gain. I want to preserve most of this unrealized gain in my Jan '07 2.50 calls (VQHAZ) so I am placing a contingent stop. My order is: Contingent on the stock going below $4.11, sell the Jan '07 $2.50 calls (VQHAZ). So if the stock drops below $4.11 I'll be automatically stopped out, and probably for a decent profit unless the stock should gap down unexpectedly.
DISCLOSURE: At the time of publication, I own the Jan '07 2.50 calls on CHINA.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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