Take Profits on CMI

Going 5 for 5

By Bryan Bottarelli
Tuesday, February 21, 2006 9:58 AM EST
Tue, 21 Feb 2006 14:58:00 GMT

Dear Bottarelli Research Member,

In early action, Cummins (CMI – NYSE) is shooting to the upside and hitting a fresh 52-week high at $106.65.

That $2.03 up-move has helped shoot your CMI June 100 Calls (CMI FT) up to $10.70 per contract. That’s a 21.59% gain from your $8.80 entry price. Take the money and run!

PLAY: Sell your CMI June 100 Calls (CMI FT) at or above $10.50 per contract, good for the day.

TRADING NOTE: While preparing this alert, the prices have come down a little. Enter your orders and try to get them filled by the end of today’s trading. Hold all remaining positions.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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