Take AGU Profits

Lock in Another Gainer

By Bryan Bottarelli
Wednesday, June 03, 2009 10:57 AM EDT
Wed, 3 Jun 2009 14:57:00 GMT

PLAY: Sell your AGU June 50 Puts (AGU RJ) at market, good for the day.

Dear Bottarelli Research Member,

First off, congratulations on your OIH winner from this morning. This one has sure moved in our direction fast! Now onto the next important subject, AGU. While it’s seemed like an eternity, the AGU June 50 Puts (AGU RJ) that we entered on 5/21/2009 for $3.90 per contract are finally making the downside move that I’ve expected. As you can see below, the stock now has the support level at $42.50 in sight, which has moved our puts all the way up to $4.60 in today’s trading.

AGU

In a market like this, where sentiment can change at the drop of a dime, I don’t want to let these profits go to waste. Therefore, let’s take the safe and conservative approach and officially lock in the winner now.

PLAY: Sell your AGU June 50 Puts (AGU RJ) at market, good for the day.

Congratulations on another winner. And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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