[Placing Exit on Armor Holdings (AH) LEAPS Calls]
Dear Member:
Armor Holdings (AH) stock has gained nicely since my entry. It has stalled, at least momentarily, at a resistance. I am placing a contingent order to sell to close my Jan '08 50 calls in the event the stock price drops below $53. That should preserve some of the profit in the position.
DISCLOSURE: At the time of publication, I own shares of AH and LEAPS calls on AH.
Sincerely,
Bill Kraft
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