Tuesday, October 30, 2007

MER Falls

The CEO resigned..

the stock is only down $2.4?

64.91 2.51 -3.7%

I had bought a put


10/24/07 Bought 1 MER WM $65 EXP 11/17/07

it is worth $2.45 now....

I was hoping the stock will go down to $60 ...

As if the news of CEO's departure was not a news ....

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