Take CMG Profits

Lock in Modest Gainer

By Bryan Bottarelli
Friday, June 27, 2008 1:50 PM EDT
Fri, 27 Jun 2008 17:50:00 GMT

PLAY: Sell your CMG July 90 Puts (CMG SR) at or above $5.50, good for the day.

Dear Bottarelli Research Member,

No surprise, but the major market averages are once again trading in the red. But today’s downside move has finally pushed our CMG July 90 Puts (CMG SR) into profitability, so I’d like to close the week by locking in our gains. As you know, we entered these pts on June 20th for $4.80 and they’ve traded as high as $5.60 in today’s action. Let’s take our profits and sell now.

CMG

PLAY: Sell your CMG July 90 Puts (CMG SR) at or above $5.50, good for the day.

That’ll only leave us holding the ACH August 30 Calls (ACH HF) going into next week. So until further notice,

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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