Dow Drops 140, Part II

Adjust EXM Entry

By Bryan Bottarelli
Monday, October 15, 2007 12:37 PM EDT
Mon, 15 Oct 2007 16:37:00 GMT

Dear Bottarelli Research Member,

When it comes to the dry-bulk shippers, explosive stock moves are becoming quite commonplace. This intensive upside trading activity was quite evident when I issued this latest trade on Excel Maritime (EXM – NYSE).Moments after sending the alert to buy the EXM November 75 Calls (EXM KO) at or under $7.30, the stock made an aggressive upside move that pushed these calls all the way up to $8.60. And in the moments that followed, these calls dropped back down again. They’re currently trading between $7.90 and $8.10, so here’s what I’d like to do:

EXM

If you were unable to enter these calls, let’s slightly adjust our buy price and pay up to $7.90 to enter this play. That way, we can get positioned to ride any continued dry bulk market strength over the next week. Here’s the adjusted play:

PRICE ADJUSTED PLAY: Buy the EXM November 75 Calls (EXM KO) at or under $7.90, 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 October 2007