Take BEN Profits!

Massive Afternoon Sell-Off

By Bryan Bottarelli
Friday, August 03, 2007 3:46 PM EDT
Fri, 3 Aug 2007 19:46:00 GMT

Dear Bottarelli Research Member,

Unlike the last two trading days, which witnessed end-of-day rallies, we’re closing off with the week with a tremendous end-of-day sell-off. As I write, the Dow just moved 200-points lower — and shares of BEN are now down over $5.00. Let’s use this incredible selling pressure to lock in a profit on your BEN August 125 Puts (BEN TE).

BEN

We entered these puts earlier today for $4.20 and the just ticked as high as $5.50. That’s a 30% gain in a matter of hours, so let’s take the money off the table now!

PLAY: Sell your BEN August 125 Puts (BEN TE) at or above $5.30, good for the day.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

© 2012 CSR Group, LLC. All rights reserved. Published in USA.

Information, opinion, research, and commentary contained herein is obtained from sources believed to be reliable; their reliability, however, cannot be guaranteed. The maxim of Caveat Emptor applies — let the buyer beware. Bottarelli Research does not provide individual investment advice, act as an investment advisor, or individually advocate the purchase or sale of any security or investment.

Investments recommended in this service should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Bottarelli Research reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscriber’s initials will be used unless express written permission has been granted to the contrary.

CSR Group, LLC expressly forbids its writers from having a financial interest in any security recommended to readers. Furthermore, all employees and agents of CSR Group, LLC and its affiliate companies must wait 24 hours before following a published recommendation.

Bottarelli Research alerts contain time-sensitive information, and are published and distributed to members with urgency. Because of this, not all published materials can be adequately proofread, and an occasional spelling or grammar error may exist.


Other Options Alerts From August 2007