Morning Alert: Take DRYS Profits!

Lock in Overnight Gainer

By Bryan Bottarelli
Friday, September 28, 2007 9:32 AM EDT
Fri, 28 Sep 2007 13:32:00 GMT

Dear Bottarelli Research Member,

It’s hard to believe that the Dow is less than 100 points from the 14,000 level? Will it break through by the end of today? We shall see!

In the meantime, the aggressive upside move continues for DRYS, as the stock has shrugged off any early market weakness and continued to move higher. As a result, the DRYS October 90 Calls (DQR JR) that we entered yesterday for $5.40 have traded as high as $7.40, today, good for a nice 37% gainer. Let’s use this opening-session strength to lock in our gains now!

PLAY: Sell your DRYS October 90 Calls (DQR JR) at or above $7.00, good for the day.

I’ll be out with more bulletins as the day progresses, but until then:

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 September 2007