[Buying Sanmina (SANM)/Day Order/Limit $3.90]
Dear Member:
Once a high flyer, Sanmina (SANM) burst with the tech bubble. Currently it is in a short term uptrend and has a gap to fill. I am placing an order to buy a small position at a limit of $3.90. Initial exit would be on a close below $3.60. I also have an order to buy some Jan '09 $5 LEAPS calls at a limit as set out in my alert to Option Trader.
DISCLOSURE: At the time of publication, I have no position in SANM or its options.
Sincerely,
Bill Kraft
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