[Buying LEAPS Calls on CDC Corp (CHINA)/Buying Jan '08 $2.50 Calls (WRWAZ)/Day Order/Limit $2.15]
Dear Member:
I am placing an order to attempt to reenter a bullish position on CDC Corp (CHINA). I am placing an order to buy the Jan '08 2.50 calls (WRWAZ)for a limit of 2.15. Currently the quote for these LEAPS is $2.05 x $2.20 and the stock is up a dime at $3.93. The stock has been in a gentle uptrend since last April. Of course, this is a small cap stock, but the open interest on these LEAPS is reported to be above 700.
I have played LEAPS on this stock twice in the last year with great success. Of course, as everyone should know, past performance is no guarantee of future success.
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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