Wednesday, August 8, 2007

Merrill Lynch - MER

MER
I was tempted to jump into the financial sector yesterday but elected to go with a utility because of the sector charts. MER has a great chart with a P&F price target of $98. Although I am wishing that I had jumped into the wall street stocks yesterday, I did place an order tonight that should fill first thing in the morning (8/9).

MER Sept Call 80, 5 options at market (3.2-3.8)

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