Re-Adjust NUE

Maintain Position with $2.90 Stop

By Bryan Bottarelli
Friday, December 08, 2006 9:47 AM EST
Fri, 8 Dec 2006 14:47:00 GMT

Dear Bottarelli Research Member,

I don’t want to lose out on a strong upside chart formation in Nucor (NUE – NYSE) by a slight morning dip. Therefore, let’s adjust our stop loss down to $2.90 on our NUE January 65 Calls (NUE AM).

If you have yet to enter these calls, you should do that now, as you’re getting great prices here at the open of trading. Nucor has shown the ability to make tremendous upside pushes, and I don’t want to miss out on the next one. Therefore, maintain your January 65 calls with a $2.90 stop. In fact, feel free to add to your position at current levels to lower your cost basis.

PLAY: Buy more NUE January 65 Calls (NUE AM) at or under $4.30, good for the day. Place a protective stop loss at $2.90.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

© 2012 CSR Group, LLC. All rights reserved. Published in USA.

Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.

Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.

CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.

Bottarelli Research alerts contain time-sensitive information, and are published and distributed to members with urgency. Because of this, not all published materials can be adequately proofread, and an occasional spelling or grammar error may exist.


Other Options Alerts From December 2006