Tuesday, January 23, 2007

Anyone Up For A Leg Of RACK?



That's right. I bought some JUN 20 Calls for 2.96 based on a nice rally in the tech market and the fact that RACK has been so beaten up.

Having said that, this is a longer term bullish call play and I'll be "legging" into the position as it proceeds. I'm certain that there will be profit taking today so I'm lightly in.

Anyone else like "lamb"? Grab a vine.

2 comments:

AJ said...

I went in for the Jan 08 $20 calls. This stock usually has the knack of going up after being beaten down. Good luck with your play!
AJ

Terence said...

Thanks AJ. I like your long term style with the LEAP calls and the fact that you like "lamb".