Action Alert: PCLN Hits 50%. Lock in Gains!

Take Remainder of Profits Now

By Bryan Bottarelli
Thursday, September 25, 2008 1:38 PM EDT
Thu, 25 Sep 2008 17:38:00 GMT

Dear Bottarelli Research Member,

Despite a market that’s up 270 points, shares of Priceline.com (PCLN — NASDAQ) are once again trading lower. As you know, we entered the PCLN January 80 Puts (PUZ MP) on Monday for $8.10, and as I write, they just crossed the tape at $12.30. That’s good for a quick 51.85% gainer! With the possibility of a market rally looming (due to the political bailout package ready for approval), I’d like to lock in the remainder of our profits now!

PCLN

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

Congratulations on another nice winner. And be sure to look forward to another profitable LEAPS play coming your way this Saturday (in fact, I might issue two plays once again!)

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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