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April 17th, 2014 at 3:46 pm
Phil/CMG- Can you explain what it means to stop the spread at $7.50? I am still struggling a bit to understand how to play these spreads. This one dropped like a stone shortly after your call, so I want to make sure I understand what your stop is. I do know it has only been a few minutes,in a volatile stock, so no worries there, but I just want to be sure I am not holding 2 weeks from now and missed whatever you meant by stopping out at $7.50.