Final Play: Add BG Puts

More Downside Ahead

By Bryan Bottarelli
Wednesday, July 29, 2009 2:59 PM EDT
Wed, 29 Jul 2009 18:59:00 GMT

PLAY: Buy the BG August 65 Puts (BGW TM) at or under $1.70, good for the day. Place a protective stop limit at $0.90 and a sniper sell at $3.00.

Dear Bottarelli Research Member,

Going into the final hour of trading, I have one final play on Bunge (BG – NYSE). Similar to Freeport-McMoRan Copper & Gold (FCX – NYSE), BG is a company that I think is a strong core portfolio holding. But right now, the technical chart pattern is giving off a bearish signal. Therefore, it looks like the global agribusiness, fertilizer, and food product company is due for a $5.00 pullback, if not more. Let’s get positioned to profit off this dip now.

BG

PLAY: Buy the BG August 65 Puts (BGW TM) at or under $1.70, good for the day. Place a protective stop limit at $0.90 and a sniper sell at $3.00.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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