Action Alert: Lock in Half Profits on PCLN and CCI!

Take 48% and 35% Gainers

By Bryan Bottarelli
Tuesday, September 23, 2008 2:54 PM EDT
Tue, 23 Sep 2008 18:54:00 GMT

PLAY: Sell HALF of your CCI April 35 Puts (CCI PG) at market, good for the day.

PLAY: Sell HALF of your PCLN January 80 Puts (PUZ MP) at market, good for the day.

Dear Bottarelli Research Member,

Our two newest put plays are behaving exactly as we expected, and I want to take full advantage by locking in HALF of our profits now. First up, the Crown Castle April 35 Puts (CCI PG) that we entered on Monday for $3.90 have now traded as high as $5.80, good for a nice 48.72% gainer. Let’s go ahead and lock in half of these profits now!

CCI

PLAY: Sell HALF of your CCI April 35 Puts (CCI PG) at market, good for the day.

Next up is Priceline.com (PCLN — NASDAQ), which is also falling just as we expected. The PCLN January 80 Puts (PUZ MP) that we entered on Monday for $8.10 have now traded as high as $11.00, good for another quick 35.80% gainer. Let’s lock in HALF of these profits as well!

PCLN

PLAY: Sell HALF of your PCLN January 80 Puts (PUZ MP) at market, good for the day.

Congrats on two down-market winners!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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