Last Hour Free Fall

Indices Prepare to Close an Awful Week

By Bryan Bottarelli
Friday, January 11, 2008 3:14 PM EST
Fri, 11 Jan 2008 20:14:00 GMT

Dear Bottarelli Research Member,

As we approach the final hour of trading, we could see the markets go into an all-out tailspin. As a result, this is a quick note to ensure that you use our “sniper” trading methodology and lock in any profits on your DIA February 128 Puts (DAW NX) and your BEN February 100 Puts (BEN NT) at the 15% to 20% level.

As I write, your DIA puts are getting very close to this profit level. In fact, the last price tick of $4.50 gives you a 20% gain off a $3.75 entry price, so start locking in these profits now! And now to be outdone, your BEN puts are in the verge of a breakdown as well. The moment you see these profit targets hit your ledger, lock in your gains! And of course, if these profit targets are not achieved by today’s close, then we’ll certainly continue to hold these puts into next week.

DIA

At the same time, continue to hold your PBR February 120 Calls (PMJ BD), which is our way of protecting against any major market bounce sparked by a surprise rate cut (or some other market stimulant). Also, if you haven’t noticed the movement of DECK today, the stock is currently trading down $15.10. This is exactly the move I was calling for two days ago, but I suppose I was 48 hours too early. At any rate, if you’re still holding your DECK January 130 Puts (QUK MF), you may end up turning a profit after all, so I’m continue to monitor this position into next week.

DECK

Also, I have a technical announcement about the newest version of FeedReader (which many of you are using to receive our RSS alerts).

RSS FeedReader Announcement: As a new feature in version 3.11 of FeedReader, you can force the alert notifications to display in the middle of your screen and remain open until they are closed (instead of temporarily flashing in the lower right corner as before). To do so, right-click the name of the feed and select “Edit smartfeed.” At the properties screen that displays, check the “Show notification with added importance” checkbox. For those of you who have inquired about keeping the notification pop-ups active on the screen until you see them, please download the latest version of FeedReader at feedreader.com and give this new feature a try.

Until next week,

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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