Take FRE Profits

Lock in Another 20% Gainer

By Bryan Bottarelli
Friday, January 25, 2008 9:42 AM EST
Fri, 25 Jan 2008 14:42:00 GMT

PLAY: “Sniper Sell” your FRE February 35 Calls (FRE BG), good for the day

Dear Bottarelli Research Member,

The Dow is once again opening 100 points higher, and this is providing a lift to Freddie Mac (FRE – NYSE).As expected, the stock is popping above its 50-day moving average, and this has pushed our FRE February 35 Calls (FRE BG) up to a high of $2.40. That’s good for a 23% gain above our $1.95 entry point, which officially triggers a “sniper sell.” If you haven’t already done so, lock in these gains now!

PLAY: “Sniper Sell” your FRE February 35 Calls (FRE BG), good for the day.

Also maintain your SHLD February 100 Puts (KTQ NT) for any snap-back selling pressure. And if you haven’t already done so, it looks like it’s time to close out our GILD February 50 Calls (GDQ BJ).I was hoping that GILD’s news from yesterday — combined with Amgen’s news from today — would have pushed the stock higher. But that just isn’t happening. Therefore, let’s close it off now and move on. I’ll most likely have more bulletins coming as the trading day progresses, but until then:

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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