Adjust AMZN

Lower Stop to $1.50

By Bryan Bottarelli
Friday, April 27, 2007 2:13 PM EDT
Fri, 27 Apr 2007 18:13:00 GMT

Dear Bottarelli Research Member,

Over the last hour, the day-traders have gotten a hold of Amazon (AMZN — NASDAQ), and I don’t want to let some speculative trading get in the way of an otherwise good trade. Therefore, re-adjust your stop order on the AMZN June 60 Puts (ZQN RL) as follows:

PLAY: Buy the AMZN June 60 Puts (ZQN RL) at or under $3.30, good for the day. Place a protective stop limit at $1.50.

I’ll follow up on our ATI June 115 Calls (ATI FC), PEG June 90 Calls (PEG FR), CMC June 35 Calls (CMC FG), APC June 50 calls (APC FJ), and our SPY June 150 Puts (SYH RT) later in the day.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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