Take PVX Profits

Secondary Traders, Book Your 31% Gain

By Bryan Bottarelli
Thursday, November 16, 2006 10:08 AM EST
Thu, 16 Nov 2006 15:08:00 GMT

Dear Bottarelli Research Member,

The decision to add to our PVX March 10 Calls (PVX CB) looks like a superb move. After originally paying $1.15 for these contracts, we added to them yesterday for $0.95, bringing our cost average down to $1.05. As I write, these calls have traded as high as $1.40 today, good for a 33% gain on our total position.

PVX

Now, here’s what I’d like to do. If you acted on both trades (paying $1.15 and adding to the position for $0.95), I’d like to you continue holding your calls. But if you were a new Charter Member and you only acted on the secondary buy advice, I’d like you to take your profits off the table. Entering for $0.95 and exiting for $1.25 would give you a 31.57% gainer, so I’d like to take the profits off the table now!

PLAY: Secondary PVX traders, sell your PVX March 10 Calls (PVX CB) at or above $1.25, good for the day. Total PVX traders, hold your entire position for more upside.

Maintain your other positions, as I’ll be out with further bulletins as the trading day progresses. Until then…

Lock and load

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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