Take PSA Profits

$3.40 Triggers on Your Calls

By Bryan Bottarelli
Wednesday, December 13, 2006 9:55 AM EST
Wed, 13 Dec 2006 14:55:00 GMT

Dear Bottarelli Research Member,

We’re getting another nice pop this morning on Public Storage (PSA – NYSE) and I want to be sure everyone is taking full advantage. If you recall, we tried to sell our PSA March 100 Calls (PSA CT) at or above $3.40 in yesterday’s trading, but we were not able to get triggered on those prices. But this morning, these calls are one again trading for $3.40, so let’s go ahead and lock in our profits in today’s trading.

PSA

PLAY: Sell your PSA March 100 Calls (PSA CT) at or above $3.40, good for the day.

Also, continue to hold your DO January 80 Calls (DO AP). As you can see by the chart, yesterday’s red tick did noting to bust DO out of its recent up-trend, so I’d expect further price appreciation leading up to January.

DO

I’ll be out with further updates as the situation warrants — but until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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