RIG Update

Pay Up to $4.60

By Bryan Bottarelli
Monday, September 25, 2006 1:08 PM EST
Mon, 25 Sep 2006 18:08:00 GMT

Dear Bottarelli Research Member,

It looks like I’m not the only one zeroing in on Transocean (RIG – NYSE).

Not seconds after issuing the buy alert on the RIG November 70 Calls (RIG KN) at or under $4.00, the stock turned a $1.00 loss into a slight upside gain, and these calls moved from $4.00 to $4.30 in one second flat. As I write, they’re trading between $4.50 and $4.70 and I don’t want to miss out on any more upside action. So here’s the plan.

PRICE READJUSTMENT: Buy the RIG November 70 Calls (RIG KN) at or under $4.60, good for the day. Place a protective stop loss at $2.70.

Lock and load

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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