Take Profits!

Lock in 19% Overnight Gain on JWN

By Bryan Bottarelli
Wednesday, November 15, 2006 9:51 AM EST
Wed, 15 Nov 2006 14:51:00 GMT

Dear Bottarelli Research Member,

Let’s quickly address our Nordstrom January 45 Calls (JWN AI). After entering them yesterday for $4.20, they’ve traded as high as $5.00 today, good for a quick 19% gain. With the market reacting negatively to Abercrombie & Fitch (ANF – NYSE) despite great numbers, I don’t want to put our JWN gains at risk. Therefore, let’s take our profits off the table now!

PLAY: Sell your Nordstrom January 45 Calls (JWN AI) at or above $5.00, good for the day.

I’ll be out with further updates as the day progresses. Until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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