Take UWM Profits!

Lock in Another 20% Gainer

By Bryan Bottarelli
Monday, March 23, 2009 3:39 PM EDT
Mon, 23 Mar 2009 19:39:00 GMT

PLAY: Sell your UWM May 13 Calls (ULG EM) at or above $2.40, good for the day.

Dear Bottarelli Research Member,

The Dow just crossed the +400 level. Folks, this is a powerful upside move, and I don’t want to let it go to waste. As a result, the UWM May 13 Calls (ULG EM) that we entered this morning for $2.00 have traded as high as $2.40, good for another intra-day gain of 20%. In a market like this, I’d rather lock in the quick-hit profits as opposed to letting any profits evaporate. Perhaps that’s a more conservative strategy, but in a market like this, locking in profits is absolutely the most critical consideration. Therefore, let’s once again lock in our gains without looking back. Here’s the play…

PLAY: Sell your UWM May 13 Calls (ULG EM) at or above $2.40, good for the day.

NOTE: If you cannot execute a sale price at or above $2.40 by the close of trading, maintain these calls going into tomorrow.

Overall, congrats on a very strong day of trading. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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