Take MTL & DBA Profits!

Lock in Two Strong Winners

By Bryan Bottarelli
Thursday, August 14, 2008 3:17 PM EDT
Thu, 14 Aug 2008 19:17:00 GMT

Dear Bottarelli Research Member,

We have another victory today, and it comes in the form of Mechel Open Joint Stock Company (MTL – NYSE). As you know, we entered MTL January 30 Calls (MTL AF) for $1.70. As I write today, they’re now trading between $4.30 and $5.00 per contract, good for a 194% gainer. It’s time to take the money and run!

PLAY: Sell your MTL January 30 Calls (MTL AF) at market, good for the day.

Let’s also lock in profits on our DBA January 36 Calls (DBA AJ). As you probably know, these calls exploded yesterday, moving them very close to our 100% profit target. The moment these calls hit $3.20, be sure to lock in your gains!

PLAY: Sell your DBA January 36 Calls (DBA AJ) at or above $3.20, good for the day.

Sincerely,

Bryan Bottarelli
Editor, Bottarelli Research

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