We continue to hold 300 shares @ 42.01 against three June 40 puts acquired for 2.35. In my eagerness to get newbies aboard yesterday, I advised no stop-loss on a 41.40 bid for 200 shares. Some of you who were in the chat room evidently bailed out when SLW plunged well below that number, but if any subscribers held on, even after I posted a recommendation in the chat room to exit as the stock was rebounding above 41.10, please let me know and I’ll establish a tracking position if there are at least three affirmative responses. Since there is still vulnerability down to as low as 37.97, those who bought yesterday should use a 41.10 stop-loss.
