Lock in APA Profits

Take 20% Gainer!

By Bryan Bottarelli
Thursday, March 13, 2008 2:58 PM EDT
Thu, 13 Mar 2008 18:58:00 GMT

Dear Bottarelli Research Member,

Perhaps I’m jumping in the gun, but in this market, I don’t want to take any chances. As I write, your APA April 120 Calls (APA DU) have traded as high as $6.30. That’s good for a 23% gain off our $5.10 entry price, so let’s take the smart and safe route and lock in these profits now!

PLAY: Sell your APA April 120 Calls (APA DU) at or above $6.10, good for the day.

If you noticed, I had originally set a sniper sell target at a higher price level. Today’s new 52-week high signals further upside to come, but on second thought, a bird in the hand is worth two in the bush. Therefore, let’s lock in our profits now. At the same time, continue to hold your FCX April 105 Calls (FCX DA) for more gains. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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