The Day After

AAPL Note & PBR, BG Update

By Bryan Bottarelli
Wednesday, December 26, 2007 10:47 AM EST
Wed, 26 Dec 2007 15:47:00 GMT

Dear Bottarelli Research Member,

Although the markets are open all day today, it doesn’t appear that any strong trading signals will present themselves for immediate action. Therefore, this will be your only alert today. But nevertheless, one stock that we simply cannot ignore is Apple (AAPL – NASDAQ).

I am continually amazed at how jam-packed their stores are, and this holiday season was no exception. For example, while standing in line to buy my wife an iPod, I couldn’t help but perk my ears up when the guy in front of me bought 11 iPods. Eleven! “That’s one for everybody on my list,” he said. “And now my shopping is done!”

AAPL

When I see things like this, I shrug off any fears of market saturation. There really is nothing stopping Apple from rocketing higher — and from a stock perspective, it looks like Apple will continue to rock and roll powered by mammoth sales figures this holiday season. One look at the stock chart, and you’ll see that APPL is putting in a slight red candlestick formation right at the $200.00 level. To my eye, we should be buyers of any forthcoming AAPL weakness via AAPL January of February calls. More on this tactic in future alerts.

In the meantime, after a nice rally leading into the Christmas holiday, the markets are taking a slight breather this morning. Historically-speaking, you typically see weakness (called a post-holiday let-down) the first day after a major holiday, but this weakness usually does not last too long. Therefore, I’d like to maintain both of our current upside positions.

Looking at our PBR January 115 Calls (PMJ AZ), I’d like everyone to give themselves a pat on the back for sticking with this one. Although it seemed suspect at times, PBR has indeed put in a strong bounce off the $100 level — and all it’ll take is one last push and we’ll close out the play with a nice profit in hand.

PBR

I also continue to like our BG January 120 Calls (BG AD). After three tight and compact days of red candlestick formations, I wouldn’t be surprised to see BG make a nice pop to the upside in coming days — so let’s be sure that we’re properly positioned to profit off this upside move.

BG

In other news, I spent the morning going through all of my un-read emails, and I received numerous requests from members to extend my Special Membership Discount. Due to travel schedules or family obligations, many of you asked if this holiday discount can be extended for a few days, so I’ve decided to go ahead and keep this offer active — at least in the near term. I will follow up later in the week with the specifics on this extension, but for now, you can still access our holiday discounted offer if you originally missed it. To take this special discounted offer, here is that link once again:

https://www.bottarelliresearch.com/renew/?service=opt&offer=E0R2663KRR

I’ll back tomorrow, but until then:

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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