PTEN Soars – Take Profits!

Score a 100% Gainer in 3 Days

By Bryan Bottarelli
Thursday, March 30, 2006 9:37 AM EST
Thu, 30 Mar 2006 14:37:00 GMT

PLAY: Sell your PTEN May 30 Calls (NZQ EF) at or above $3.10, good for the day.

Dear Bottarelli Research Member,

Great news!

This morning, Patterson-UTI Energy announced that their fourth-quarter profit rose more than threefold, topping estimates by coming in at $.077 per share. That means their revenues jumped 84%, from $288 million to $531 million.

On the news, PTEN stock is jumping – up $1.92 as I write – and your remaining PTEN May 30 calls (NZQ EF) are trading as high as $3.30. That’s an amazing 112% gain from your entry price earlier this week!

In short – take profits now!

PLAY: Sell your PTEN May 30 Calls (NZQ EF) at or above $3.10, good for the day.

Shoot me an e-mail at bryan@bottarelliresearch.com and tell me how you did on this one!

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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