Take CELG Profits!

Lock in 25% Gainer

By Bryan Bottarelli
Wednesday, June 13, 2007 10:20 AM EDT
Wed, 13 Jun 2007 14:20:00 GMT

Dear Bottarelli Research Member,

I’ll keep this one short.

Despite the fact that the markets have opened the day higher, shares of Celgene (CELG – NASDAQ) have continued to push lower — and this downside move is helping out our CELG July 60 Puts (LQH SL). These puts just traded as high as $4.00, which is a 25% increase from our original $3.20 entry price, so let’s go ahead and take the profits off the table now!

CELG

PLAY: Sell your CELG July 60 Puts (LQH SL) at or above $3.90, good for the day.

Continue to maintain your other positions for further gains.

* REMINDER: To further improve the delivery of our trading alerts, we will begin sending out all Bottarelli Research alerts from a new e-mail address. Starting in 1 week, we still stop sending alerts from bryan@bottarelliresearch.com and begin sending alerts from alert@bottarelliresearch.com. To ensure that you continue to receive all Bottarelli Research e-mail alerts to your inbox (and not your spam, junk, or bulk mail folder), please add alert@bottarelliresearch.com to your e-mail address book and/or safe senders list to white-list this new e-mail address. We also recommend you white-list bryan@bottarelliresearch.com if you haven’t already done so. I’m alerting you of this now so you have plenty of time to prepare for this minor change ahead of time.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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