Take FLR Profits!

Lock in Another 27% Gainer

By Bryan Bottarelli
Friday, January 04, 2008 9:56 AM EST
Fri, 4 Jan 2008 14:56:00 GMT

Dear Bottarelli Research Member,

You’ve really got to hand it to Fluor (FLR – NYSE).Despite the fact that the Dow is off 135 points, shares of FLR are trading higher by over $2.00. As a result, this has pushed the FLR January 155 Calls (FLR AK) that we entered yesterday for $4.70 all the way up to $6.00 today. That’s good for a 27% gainer, so let’s go ahead and lock in these gains now!

PLAY: Sell your FLR January 155 Calls (FLR AK) at or above $5.80, good for the day.

And while we’re at it, let’s go ahead and add more POT January 150 Calls (PYP AJ) to our position. After all, we all know that the stock makes strong rebounds, so let’s use today’s opening-session weakness as a prime opportunity to lower our cost basis and add to our calls.

PLAY: Buy more POT January 150 Calls (PYP AJ) at or under $4.70, good for the day.

*RSS NOTE: As a new improvement for 2008, you’ll notice thatBottarelli Research RSS now displays alerts in their entirety, not just a snippet of the first few lines. I hope you find this change beneficial, because it’ll now allow you to read full RSS alerts and make your trading actions in a much more timely manner.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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