Cancel AAPL, Play GRMN
The Next Best Play
Dear Bottarelli Research Member,
Not moments after hitting the “send” button on your last trading alert, shares of Apple (AAPL – NASDAQ) aggressively shot up, thus leading our $8.90 entry price in the dust. Therefore, let’s cancel this order and flip over into the next-best trading opportunity: Garmin (GRMN – NASDAQ).
As you can see, GRMN shares are heavily over-sold at these levels, making their December calls just as attractive as the Apple calls that we just failed to enter. Therefore, let’s use GRMN’s recent fall from $125 down to $85 as another gift opportunity and carefully add Decembers call to our ledger now!
PLAY: Buy the GRMN December 85 Calls (GQR LQ) at or under $8.20, good for the day. Current bid/ask spread is $7.60 to $7.90. Place a protective stop limit at $4.90.
Lock and load!
Sincerely,
© 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.
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