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Monday, October 18, 2010

New position - Sothesby - BID

Chart for BID looks really good.  Taking a position by purchasing Dec 40 calls.  Calls are bid at 2.05 and ask at 2.20 (I got in at 2.15).  Stock has finished a cup and handle formation in weekly - and in daily with pullback.  Will watch this closely.  Stock has a shot to get to 50 if momentum continues.
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