Action Alert: Take CRM and JASO Profits!

Lock in 20% and 37% Gainers!

By Bryan Bottarelli
Thursday, August 21, 2008 9:57 AM EDT
Thu, 21 Aug 2008 13:57:00 GMT

Dear Bottarelli Research Member,

A number of positions are moving aggressively in our direction this morning, and I wanted to take a moment to address them.

First and foremost, we’re finally seeing the breakdown in shares of Salesforce.com (CRM – NYSE) that I’ve long expected. Let’s capitalize on this strong downside move by locking in HALF of our profits on our CRM November 55 Puts (CRM WK).

CRM

PLAY: Sell HALF of your CRM November 55 Puts (CRM WK) at market, good for the day.

Secondly, we’re getting a really powerful boost in shares of JA Solar Holdings (JASO – NASDAQ), and this has pushed your January 15 Calls (QJP AC) from $4.00 up to $5,49, good for a 37.25% gainer. Let’s go ahead and lock in profits on HALF of our position as well!

JASO

PLAY: Sell HALF of your JASO January 15 Calls (QJP AC) at market, good for the day.

And finally, it appears like we’ve timed our entry into Barrick Gold (ABX – NYSE) perfectly! As you can see below, shares are blasting higher, so be sure to lock in HALF of your profits when your ABX January 2010 40 Calls (WRX AH) reach the 50% profit mark (currently we’re at 24%).

ABX

On days like today, it now appears like our LEAPS positions are set to achieve the returns that we’ve all expected to see. That’s certainly good news going forward. So congrats on today’s gains, and you can expect to see more days like this to come!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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