Take GDX Profits!

Lock in 25% Gainer

By Bryan Bottarelli
Friday, November 21, 2008 12:47 PM EST
Fri, 21 Nov 2008 17:47:00 GMT

PLAY: Sell your GDX January 23 Calls (GBJ AW) at or above $2.60, good for the day.

Dear Bottarelli Research Member,

Our patience on GDX has now paid off! As I expected, gold is now receiving some major investor interest, as the “safe haven” play is now back in full force. As a result, the GDX January 23 Calls (GBJ AW) that we’re holding for $2.15 have traded as high as $2.75 today, good for a nice 27% gainer. Let’s go ahead and lock in these profits now!

GDX

PLAY: Sell your GDX January 23 Calls (GBJ AW) at or above $2.60, good for the day.

If you would like more gold-related plays, then please make sure you’re part of my sister service, Bottarelli Research LEAPS. In our next alert (which will hit tomorrow morning at 8:00 CST), I’ll be recommending another longer-term gold play that has major upside potential. Our special membership offer will soon expire, so don’t delay! For more information on our LEAPS service, click the link below (special 6-month offer noted with a red star):

http://www.bottarelliresearch.com/leaps/?3VFP1RYGJT

In terms of our MON December 85 Calls (MON LO), I’m a little perplexed that MON has yet to participate in today’s upside move. Let’s give this one a little more time to regain its footing. Maintain these calls, along with your newly-established QLD December 22 Straddle. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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