Take WFR Profits!

Also Maintain WFT Put Sale

By Bryan Bottarelli
Wednesday, April 04, 2007 9:47 AM EDT
Wed, 4 Apr 2007 13:47:00 GMT

Dear Bottarelli Research Member,

The aggressive trading tactic of adding to our position on MEMC Electronic Materials (WFR – NYSE) is paying off today. As I write, WFR stock is up $1.50 and your WFR May 65 Calls (WFR EM) have moved from our $1.96 entry price up to a high of $2.75. That’s a quick 40% gainer — so let’s take the profits off the table now!

PLAY: Sell your WFR May 65 Calls (WFR EM) at or above $2.60, good for the day.

Also “in play” this morning is your WFT May 45 Puts (WFT QI), as the stock is moving down nicely on news of the planned release of the 15 captures British soldiers. Maintain your $2.10 sell orders, good for the week, and we’ll try to get filled on any further downside.

PLAY: Sell your WFT May 45 Puts (WFT QI) at or above $2.10, good for the week.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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