The LEAPS Trader
105 W. Monument Street
Baltimore, MD 21201
Thursday, November 15, 2006
Email – #347
** Exit Your Amazon Position
Our Amazon put has broken through $1.50, the price level we were using as a mental stop loss.
Sell the January 2008 $30 put leaps (WEW MF) – the shares irrational exuberance continues unabated. It’s time to sell and minimize our losses.
Karim
