Take ATI Profits

Re-Adjust ATI (again)

By Bryan Bottarelli
Wednesday, December 20, 2006 10:09 AM EST
Wed, 20 Dec 2006 15:09:00 GMT

Dear Bottarelli Research Member,

I hope you had a great winner on FedEx Corporation (FDX – NYSE).Just look at this downside move and revel in the fact that we were able to make money off such a dramatic fall. (notice today’s tick, highlighted in yellow, jumped from the 50-day moving average all the way under the 200-day moving average. Wow!)

FDX

Now that we’ve closed that position, let’s take profits on our ATI January 90 Calls (ATI AR).When I wrote the last alert, ATI had jumped over $2.00 at the open, but the stock has since come back down. Based on the volatility, let’s go ahead and sell our calls at the $3.90 level. I don’t want to fuss around with squeaking a few more pennies out — let’s simply take our money and run!

ATI

PLAY: Sell your ATI January 90 Calls (ATI AR) at or above $3.90, good for the week.

Once again, congrats on your big FDX and ATI winners. If you have a second, drop me a line at: bryan@bottarelliresearch.com and tell me how you did on these two plays!

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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