Take CMI Profits!

Lock in Quick Gain

By Bryan Bottarelli
Friday, August 24, 2007 2:15 PM EDT
Fri, 24 Aug 2007 18:15:00 GMT

Dear Bottarelli Research Member,

If you know me well enough, then you know that I have trouble passing over an opportunity to lock in a super-fast gain. That’s exactly the situation we have right now in Cummins (CMI – NYSE).

CMI

As you can see, CMI’s chart formation today looks very bullish — setting the stage for further upside gains next week. In response to this move, the CMI September 115 Calls (CDM IC) that we entered earlier today for $5.70 just traded as high as $6.70, good for a lightning-fast 17% gainer. Since we always re-enter this position next week, let’s go ahead and use today’s closing-day strength to lock in this gain.

PLAY: Sell your CMI September 115 Calls (CDM IC) at or above $6.70, good for the day.

Have a good weekend, and as always:

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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