Rumours of BT LBO...So bought more stock:

Stories in the press today about a private equity bid for BT, stock only up about 4% though. Whilst I am sceptical on this happening, it is just the catalyst the stock needs, so I've just added to my position by buying another £100 a point of Jun '06 BT at 221p.

This is an awesome trade, you have to be involved!