[Entering LEAPS Call Position on Armor Holdings (AH)]
Dear Member:
This morning Armor Holdings gapped up off a level of support on the news that it obtained a significant new government contract. I am placing an order to buy the January '08 and $50 LEAPS calls (LNOAJ) at a limit of $9.70 for the day. A close below $51 would be reason to exit.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft
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