Pre-Market Alert: Take AEM Profits!

Lock in 33% Gainer

By Bryan Bottarelli
Thursday, September 03, 2009 9:24 AM EDT
Thu, 3 Sep 2009 13:24:00 GMT

PLAY: At the open of trading, sell your AEM October 65 Calls (AEM JM) at or above $3.60, good for the day.

Dear Bottarelli Research Member,

Good morning. Let’s get the trading day started right by locking in profits on our AEM October 65 Calls (AEM JM). As you know, we entered these calls yesterday for $2.70, and by the close of trading, they hit a high of $3.60, good for a quick 33% gainer. As you can see from the AEM chart below, gold stocks (like AEM) absolutely blasted to the upside yesterday, as investors – concerned about a September swoon – locked in profits and took shelter in gold. This morning, the markets are poised to open higher, and AEM could extend the huge gains from yesterday. Let’s use this opening up-tick to lock in our profits!

AEM

PLAY: At the open of trading, sell your AEM October 65 Calls (AEM JM) at or above $3.60, good for the day.

As always, I’ll follow up as the day progresses. Until then…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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