Add STP Calls

Increasing our China Exposure

By Bryan Bottarelli
Tuesday, August 04, 2009 12:28 PM EDT
Tue, 4 Aug 2009 16:28:00 GMT

PLAY: Buy the STP August 20 Calls (STP HD) at or under $2.00, good for the day. Place a protective stop limit at $1.10 and a sniper sell at $3.50.

Dear Bottarelli Research Member,

I’ve just uncovered a play that piggy-backs the Chinese catalyst that we’re playing via PTR. The stock is on the move and the calls are cheap. Therefore, I’d like to jump into the action now.

The company is called Suntech Power Holdings (STP – NYSE), and they were one of the original high-flyers in the solar sector. Based in China, they’re one of the country’s leading manufacturers of photovoltaic (PV) products, which include monocrystalline and multicrystalline silicon PV cells. As you can see from the chart below, the stock is ready to break-out to the upside. Let’s play this move using August calls!

STP

PLAY: Buy the STP August 20 Calls (STP HD) at or under $2.00, good for the day. Place a protective stop limit at $1.10 and a sniper sell at $3.50.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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