Carefully Add to AIRM

If You Haven’t Sold, Add More

By Bryan Bottarelli
Thursday, August 24, 2006 1:20 PM EST
Thu, 24 Aug 2006 18:20:00 GMT

Dear Bottarelli Research Member,

Wednesday morning, I tried to use the pop in Air Methods to sell our September 25 Calls (UDU IE) at or above $1.30. Although some fast traders might have gotten filled, prices have moved down since that alert, and the calls now trade between $0.55 and $0.75 per contract. If the stock finds support at the crossing of the 50-day and 200-day moving averages, we could be in for another upside push, and I’d like to be along for that ride. So let’s carefully add to our call position at current levels.

AIRM

PLAY: Add to your position in the AIRM September 25 Calls (UDU IE) at or under $0.75, good for the day. Adjust your stop loss to $0.30.

Lock and load

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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